secwatch / observer
8-K filed January 27, 2023, 6:59 PM ET ticker AZO CIK 0000866787
debt confidence high sentiment neutral materiality 0.55

AUTOZONE INC (AZO): debt financing — AutoZone issues $1.0B in senior notes: $450M 4.500% due 2028, $550M 4.750% due 2033

AUTOZONE INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

AUTOZONE INC incurred senior notes of $450,000,000 aggregate principal amount of the Company’s 4.500% Notes due 2028 and $550,000,000 aggregate principal amou with BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities LLC at 4.500% per year for the 2028 Notes and 4.750% per year for the 2033 Notes, payab maturing February 1, 2028 for the 2028 Notes and February 1, 2033 for the 2033 Notes.

Instrument
senior notes
Principal
$450,000,000 aggregate principal amount of the Company’s 4.500% Notes due 2028 and $550,000,000 aggregate principal amou
Counterparty
BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities LLC
Rate
4.500% per year for the 2028 Notes and 4.750% per year for the 2033 Notes, payab
Maturity
February 1, 2028 for the 2028 Notes and February 1, 2033 for the 2033 Notes
Event
incurrence
Exact text from the filing
On January 27, 2023, the Company completed the sale of the Notes. The 2028 Notes bear interest at a fixed rate equal to 4.500% per year, payable semi-annually, and the 2033 Notes bear interest at a fixed rate equal to 4.750% per year, payable semi-annually.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AUTOZONE INC entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities LLC valued at $450,000,000 aggregate principal amount of the Company's 4.500% Notes due 2028 and $550,000,000 aggr (effective 2023-01-23).

Action
entry
Agreement
underwriting
Counterparty
BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities LLC
Value
$450,000,000 aggregate principal amount of the Company's 4.500% Notes due 2028 and $550,000,000 aggr
Effective
2023-01-23
Exact text from the filing
On January 23, 2023, AutoZone, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”), by and among the Company and BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities LLC, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters, and the Underwriters agreed to purchase, $450,000,000 aggregate principal amount of the Company’s 4.500% Notes due 2028 (the “2028 Notes”) and $550,000,000 aggregate principal amount of the Company’s 4.750% Notes due 2033 (the “2033 Notes” and together with the 2028 Notes, the “Notes”).
View on SEC.gov

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AUTOZONE INC filing history →

Source: SEC EDGAR
accession 0001104659-23-007525
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