Exhibit 99.1
ASBURY AUTOMOTIVE GROUP, INC.
LETTER OF TRANSMITTAL
OFFER TO EXCHANGE
Up to $280,000,000
Aggregate Principal Amount of
4.50% Senior Notes due 2028
Issued in a Transaction Registered under the Securities Act of 1933
For
a Like Principal Amount of Outstanding
Restricted 4.50% Senior Notes due 2028
Issued in February 2020
And
Up to $320,000,000
Aggregate Principal Amount of
4.75% Senior Notes due 2030
Issued in a Transaction Registered under the Securities Act of 1933
For
a Like Principal Amount of Outstanding
Restricted 4.75% Senior Notes due 2030
Issued in February 2020
Deliver to:
U.S. BANK NATIONAL ASSOCIATION, AS EXCHANGE AGENT
THE EXCHANGE OFFER WILL EXPIRE AT 9:00 A.M., NEW YORK CITY TIME, ON , 2020, UNLESS EXTENDED (THE “EXPIRATION DATE”). ORIGINAL NOTES TENDERED IN THE EXCHANGE OFFER MAY BE WITHDRAWN AT ANY TIME PRIOR TO THE EXPIRATION DATE.
As set forth in the Prospectus, dated August 14, 2020 (the “Prospectus”) and in this corresponding Letter of Transmittal, this form or one substantially similar must be used to accept the offer of Asbury Automotive Group, Inc. (the “Company”) to exchange its 4.50% Senior Notes due 2028 (the “2028 Exchange Notes”) and its 4.75% Senior Notes due 2030 (the “2030 Exchange Notes,” and together with the 2028 Exchange Notes, the “Exchange Notes”), which will be issued in a transaction registered under the Securities Act of 1933 (the “Securities Act”), for any and all of the Company’s outstanding restricted 4.50% Senior Notes due 2028 that were issued on February 19, 2020 (the “2028 Original Notes”) and outstanding restricted 4.75% Senior Notes due 2030 that were issued on February 19, 2020 (the “2030 Original Notes,” and together with the 2028 Original Notes, the “Original Notes”). There are no guaranteed delivery procedures provided for by us in conjunction with the Exchange Offer. Holders of Original Notes must timely tender their Original Notes in accordance with the procedures set forth herein.
Capitalized terms used but not defined in this Letter of Transmittal have the meanings assigned to them in the Prospectus. All terms and conditions contained in, or otherwise referred to in, the Prospectus are deemed to be incorporated in, and form a part of, this Letter of Transmittal. Therefore you are urged to read carefully the Prospectus and the items referred to therein. The terms and conditions contained in the Prospectus, together with the terms and conditions governing this Letter of Transmittal and the instructions herein, are collectively referred to herein as the “terms and conditions.”
The exchange agent for the Exchange Offer is: