March 10, 2010 (FinancialWire) — Sonic Automotive, Inc. (NYSE: SAH) said it plans to launch a private offering of up to $210 million of senior subordinated notes to qualified institutional buyers.

The company said it will use the net proceeds to redeem a portion of its 8 5/8% senior subordinated notes due 2013.

North Carolina-based Sonic Automotive is an automotive retailer operating 145 franchises.

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