Dealer Tire, a national leader in replacement tire distribution for automotive dealerships, announced that it intends to offer $350 million in aggregate principal amount of senior notes due 2028 in a private offering, subject to market and other conditions. DT Issuer LLC, the company’s wholly owned subsidiary, will act as co-issuer in the offering. The notes will be unsecured senior obligations of the issuers and will be guaranteed by certain of the company’s domestic subsidiaries (other than DT Issuer), including those acquired in the Dent Wizard acquisition.

The company intends to use the net proceeds from the proposed offering, together with cash on hand, certain cash equity and the proceeds of the borrowing under new senior secured credit facilities to (i) finance the acquisition of DWH Holdings Inc., the parent company of Dent Wizard International Corp. (ii) finance the repayment of substantially all of Dent Wizard’s existing indebtedness and a portion of the Company’s outstanding indebtedness under its revolving credit facility, (iii) pay transaction expenses and fees incurred in connection with the foregoing and (iv) to the extent of any remaining proceeds, for working capital and other general corporate purposes.