---
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"
generated_at: "2026-05-26T03:17:53.912022+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Advance Auto Parts amends credit agreement; sets $750M minimum liquidity, eases coverage covenant

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-25-000060
- JSON: https://secwatch.observer/filing/0001158449-25-000060.json
- Plain text: https://secwatch.observer/filing/0001158449-25-000060.txt

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