debt
confidence high
sentiment neutral
materiality 0.55
Genuine Parts establishes $1.5B commercial paper program for general corporate purposes
GENUINE PARTS CO
- Program allows issuance of up to $1.5B in short-term, unsecured commercial paper notes.
- Notes have maturities up to 364 days; proceeds used for general corporate purposes.
- No notes are currently outstanding under the program.
- Notes unregistered and sold under Section 4(a)(2) exemption; rank pari passu with other unsecured debt.