{"schema_version":"secwatch.filing_event.v1","accession":"0001158449-25-000060","form_type":"8-K","ticker":"AAP","cik":"0001158449","company_name":"ADVANCE AUTO PARTS INC","filed_at":"2025-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.051781+00:00","generated_at":"2026-05-26T03:17:53.912022+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Advance Auto Parts amends credit agreement; sets $750M minimum liquidity, eases coverage covenant","bullets":["Minimum liquidity set at $750M, tested every 28-day period starting Feb 22, 2025.","Consolidated Coverage Ratio floor stays 1.50x through Oct 2025; steps to 1.75x Jan 2026.","Restructuring charge cap raised to $625M from $575M; $175M of accelerated rent charges excluded from ratio.","Expanded guarantee to cover bank product and cash management obligations; springing lien on all non-insignificant subsidiaries.","New 28-day liquidity compliance reporting and tightened cure periods for defaults (5 business days)."],"urls":{"canonical":"https://secwatch.observer/filing/0001158449-25-000060","json":"https://secwatch.observer/filing/0001158449-25-000060.json","markdown":"https://secwatch.observer/filing/0001158449-25-000060.md","text":"https://secwatch.observer/filing/0001158449-25-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1158449/000115844925000060/0001158449-25-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1158449/000115844925000060/aap-20250225.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T03:17:53.912022+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}