debt
confidence high
sentiment neutral
materiality 0.65
Genuine Parts enters $1B term loan facilities; declares $1.0625 quarterly dividend
GENUINE PARTS CO
- Seventh Amendment adds $500M Initial Term Loan A and $500M Delayed Draw Term Loan A, maturing Oct 28, 2027.
- Interest rates: SOFR + 0.875%-1.500% or base rate + 0%-0.500% based on credit rating.
- Board declares regular quarterly dividend of $1.0625 per share, payable July 2, 2026 to holders of record June 5, 2026.
- At annual meeting, all 11 director nominees elected; say-on-pay and auditor ratification approved.
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