CARS Cars com Inc

Capital Automotive Announces Planned Convertible Notes Offering MCLEAN, Va., May 5 /PRNewswire-FirstCall/ -- Capital Automotive REIT , the nation's leading specialty finance company for automotive retail real estate, today announced that it will file with the Securities and Exchange Commission a preliminary prospectus supplement to a shelf registration statement for the public offering of $100 million of convertible notes due 2024. The Company will also grant the underwriter an option to purchase up to an additional $10 million aggregate principal amount of convertible notes. All of the unsecured convertible notes are being sold by the Company. Credit Suisse First Boston is expected to be the sole manager of the offering. Copies of the prospectus supplement may be obtained from the offices of Credit Suisse First Boston, Prospectus Department, One Madison Avenue, New York, New York 10010, telephone: 212-325-2580, or by faxing your request to 212-325-8057. About Capital Automotive Capital Automotive, headquartered in McLean, Virginia, is a self- administered, self-managed real estate investment trust that acquires real property and improvements used by operators of multi-site, multi-franchised automotive dealerships and related businesses. Additional information on Capital Automotive is available on the Company's Web site at http://www.capitalautomotive.com/. DATASOURCE: Capital Automotive REIT CONTACT: David S. Kay, Senior Vice President, Chief Financial Officer and Treasurer of Capital Automotive REIT, +1-703-394-1302 Web site: http://www.capitalautomotive.com/

Copyright