Cars.com, founded in 1998 and headquartered in Chicago, Illinois, is a leading online automotive marketplace that connects car buyers and sellers. The company offers a comprehensive platform for users to research, compare, and review new and used vehicles while providing dealerships with marketing services and tools to reach potential customers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CARS 6.38% 2028-11-01 USDCars.com | United States | 2028-11-01 | 6.375 | 6.89 |
| CARS 6.38% 2028-11-01 USDCars.com | United States | 2028-11-01 | 6.375 | 6.94 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Cars.com began issuing bonds in 2020 to diversify its capital structure and support growth initiatives. Notably, the company raised $250 million in a 7-year bond offering that garnered significant interest, yielding around 4.5%, which was competitive against industry peers at the time. The proceeds were earmarked for strategic acquisitions to bolster its digital offerings, enhancing its market presence. Recently, Cars.com’s bonds have been noted for their liquidity and modest default risk, reflecting the company’s solid operational performance amid a dynamic automotive landscape.