Sonic Automotive Inc. announced the closing of its private offering of $300 million in aggregate principal amount of 5.0% Senior Subordinated Notes due 2023 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and in offshore transactions pursuant to Regulation S under the Securities Act. The Notes were issued at 100% of the principal amount thereof, resulting in a yield to maturity of 5.0%. A substantial portion of the net proceeds of this offering will be used to redeem all of Sonic's outstanding 9.0% Senior Subordinated Notes due 2018 pursuant to the optional redemption provisions of the indenture governing the 9.0% Notes. The Notes have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

Sonic Automotive Inc. has priced its private offering of $300 million in aggregate principal amount of 5% senior subordinated notes due 2023. The notes were priced at 100% of par, resulting in a yield to maturity of 5%.

Sonic Automotive Inc. announced the pricing of its private offering of $300 million in aggregate principal amount of 5.00% Senior Subordinated Notes due 2023 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and in offshore transactions pursuant to Regulation S under the Securities Act. The notes were priced at 100% of par, resulting in a yield to maturity of 5.00%. This offering is expected to close on May 9, 2013. The net proceeds of this offering will be used to redeem all of its outstanding 9.0% Senior Subordinated Notes due 2018 (the 9.0% Notes) pursuant to the optional redemption provisions of the indenture governing the 9.0% Notes, and to pay related fees and expenses, and any remaining amount will be used for general corporate purposes, including the acquisition and development of dealerships and related real property, repurchases of shares of its Class A common stock and other working capital needs. The notes have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.