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CAR GROUP LIMITED — Capital/Financing Update 2014
Jul 14, 2014
64605_rns_2014-07-14_5115adf7-8814-4bae-bbad-df561d8c9be6.pdf
Capital/Financing Update
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carsales completes investment in Stratton Finance Pty Ltd
15 July 2014
carsales.com Ltd (ASX: CRZ) today announces that further to the announcement made to the ASX on 1-July 2014 that it has completed its investment in Stratton Finance Pty Ltd.
carsales' investment has been funded by existing cash reserves and the draw down of a non-syndicated debt facility held with the National Australia Bank. carsales reiterates the guidance given to the market in the announcement made on 1-July that it expects the acquisition to be EPS accretive immediately.
For further information, please contact:
Greg Roebuck CEO and Managing Director carsales.com Ltd +61 3 9093 8667