Item 8.01. Other Events.

On August 1, 2012, Sonic Automotive, Inc. ("Sonic") completed its exchange offer to purchase up to all of its outstanding 5.0% Convertible Senior Notes due 2029 ("5% Notes") with a combination of cash and shares of its Class A common stock. Sonic paid approximately $137.1 million in cash (including accrued and unpaid interest on the 5% Notes and cash paid in lieu of fractional shares) and issued 4,074,905 shares of Class A common stock in exchange for $134.9 million aggregate principal amount of 5% Notes. The cash portion of this payment was funded with proceeds from Sonic's issuance of 7.0% Senior Subordinated Notes due 2022. All but $5,000 in aggregate principal amount of the outstanding 5% Notes were repurchased in the exchange offer.