---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-111422"
form_type: "8-K"
ticker: "AZO"
cik: "0000866787"
company_name: "AUTOZONE INC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:41:29.726831+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AutoZone issues $1B of senior notes in two tranches at 6.250% and 6.550%

## Summary
- Issued $500M 6.250% notes due 2028 and $500M 6.550% notes due 2033, both senior unsecured.
- Notes rank equally with existing senior unsecured debt; proceeds for general corporate purposes.
- Sale completed Oct 25, 2023; underwriters include BofA, J.P. Morgan, Truist, U.S. Bancorp.
- Interest payable semi-annually starting May 1, 2024; maturities Nov 1, 2028 and Nov 1, 2033.
- Notes subject to customary covenants and change-of-control repurchase provisions.

## SEC filing metadata
- accession: 0001104659-23-111422
- form_type: 8-K
- ticker: AZO
- cik: 0000866787
- company_name: AUTOZONE INC
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866787/000110465923111422/0001104659-23-111422-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866787/000110465923111422/tm2328488d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-111422
- JSON: https://secwatch.observer/filing/0001104659-23-111422.json
- Plain text: https://secwatch.observer/filing/0001104659-23-111422.txt

## Key facts
- Debt Financings
  AUTOZONE INC incurred senior notes of $500,000,000 aggregate principal amount with BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc., as representatives of the several underwriters at 6.550% per year maturing November 1, 2033.
  - Instrument: senior notes
  - Principal: $500,000,000 aggregate principal amount
  - Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc., as representatives of the several underwriters
  - Rate: 6.550% per year
  - Maturity: November 1, 2033
  - Event: incurrence
  source text: 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, $500,000,000 aggregate principal amount of the Company’s 6.250% Notes due 2028 (the “2028 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.550% Notes due 2033 (the “2033
  evidence_url: https://www.sec.gov/Archives/edgar/data/866787/000110465923111422/0001104659-23-111422-index.htm
- Debt Financings
  AUTOZONE INC incurred senior notes of $500,000,000 aggregate principal amount with BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc., as representatives of the several underwriters at 6.250% per year maturing November 1, 2028.
  - Instrument: senior notes
  - Principal: $500,000,000 aggregate principal amount
  - Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc., as representatives of the several underwriters
  - Rate: 6.250% per year
  - Maturity: November 1, 2028
  - Event: incurrence
  source text: 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, $500,000,000 aggregate principal amount of the Company’s 6.250% Notes due 2028 (the “2028 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.550% Notes due 2033 (the “2033
  evidence_url: https://www.sec.gov/Archives/edgar/data/866787/000110465923111422/0001104659-23-111422-index.htm
- Material Agreements
  AUTOZONE INC entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc., as representatives of the several underwriters valued at $500,000,000 aggregate principal amount of the Company’s 6.250% Notes due 2028 and $500,000,000 aggr (effective 2023-10-19).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc., as representatives of the several underwriters
  - Value: $500,000,000 aggregate principal amount of the Company’s 6.250% Notes due 2028 and $500,000,000 aggr
  - Effective: 2023-10-19
  source text: On October 19, 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 U.S. Bancorp Investments, Inc., 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, $500,000,000 aggregate principal amount of the Company’s 6.250% Notes due 2028 (the “2028 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.550% Notes due 2033 (the “2033 Notes” and, together with the 2028 Notes, the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/866787/000110465923111422/0001104659-23-111422-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.