debt
confidence high
sentiment neutral
materiality 0.60
AutoZone issues $1.3B of senior notes: $600M 5.100% due 2029 and $700M 5.400% due 2034
AUTOZONE INC
- $600M of 5.100% notes due July 15, 2029 and $700M of 5.400% notes due July 15, 2034 issued on June 28, 2024.
- Notes are senior unsecured obligations, ranking equally with existing senior unsecured debt.
- Interest payable semi-annually on Jan 15 and July 15, starting Jan 15, 2025.
- Issued under existing indenture and shelf registration; underwriters include BofA, JPM, Truist, Wells Fargo.
- Use of proceeds not specified; customary covenants and optional redemption provisions apply.