AutoCanada Inc. (TSX:ACQ) announced that it intends to offer (the "Offering") an additional $100 million aggregate principal amount of its existing 8.75% senior unsecured notes due 2025 (the "Notes"). Proceeds of the Offering will be used by the Company to reduce the outstanding balance under its syndicated credit facility and for general corporate purposes, including acquisitions. The Company continues to advance and actively assess strategic acquisition opportunities and has developed a robust acquisition pipeline while continuing to employ a disciplined hurdle-return framework to price transactions.  The Company is currently engaged with multiple potential targets in connection with potential acquisitions in excess of $100 million in transaction value.  We are at varying stages of the acquisition process with these targets, with the potential deals remaining subject to due diligence, the entering into of definitive agreements, OEM approvals and other standard conditions, as applicable.  Consistent with company's previously stated intentions and strategy, company expects these deals will add diversity by geography and OEM brands. Most of this pipeline is represented by franchise dealerships, most of which are located in Ontario, Canada, and the pipeline includes a mix of OEM brands that company currently operates and brands that company does not yet have. Used vehicle dealerships that would fall under company's Used Digital Retail Division platform and collision centres are also included in company's pipeline.  We expect to finance these potential transactions through a combination of debt and cash from the balance sheet, while ensuring company maintains the Company's strong balance sheet and financial flexibility. The Company anticipates beginning to close on certain of these deals within the second quarter of 2021, while also continuing to develop company's acquisition pipeline as company moves forward beyond these initial acquisition opportunities, although there can be no assurance that company will complete all of these deals on the terms or on the schedule that company's currently anticipates, or at all.