Capital Automotive launches $100 million convertible offering via CSFB

By Sara Rosenberg

New York, May 5 - Capital Automotive REIT launched $100 million of convertible notes due 2024 after the close on Wednesday.

Credit Suisse First Boston is expected to be the sole manager of the off-the-shelf offering.

There is a $10 million greenshoe.

Capital Automotive is a McLean, Va., real estate investment trust that acquires real property and improvements used by operators of multi-site, multi-franchised automotive dealerships and related businesses.

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