ADVANCE AUTO PARTS INC (AAP): debt financing — Advance Auto Parts issues $1.95B in senior notes; refi $300M 2026 notes, new ABL facility

ADVANCE AUTO PARTS INC

Issued $975M of 7.000% senior notes due 2030 and $975M of 7.375% senior notes due 2033.
Net proceeds ~$1.92B; $300M to redeem outstanding 5.90% notes due 2026.
Remaining proceeds for general corporate purposes and to support new $1B ABL facility replacing existing revolver.
Notes are guaranteed by domestic subsidiaries; covenants limit liens, sale-leaseback, and mergers.
New ABL facility will be five-year senior secured first lien revolving credit facility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ADVANCE AUTO PARTS INC incurred senior notes of $975,000,000 with Computershare Trust Company, N.A. at 7.375% per annum maturing 2033.

Instrument: senior notes
Principal: $975,000,000
Counterparty: Computershare Trust Company, N.A.
Rate: 7.375% per annum
Maturity: 2033
Event: incurrence

Exact text from the filing

(ii) $975,000,000 in aggregate principal amount of 7.375% Senior Notes due 2033 (the “2033 Notes” and, together with the 2030 Notes, the “Notes”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ADVANCE AUTO PARTS INC incurred senior notes of $975,000,000 with Computershare Trust Company, N.A. at 7.000% per annum maturing 2030.

Instrument: senior notes
Principal: $975,000,000
Counterparty: Computershare Trust Company, N.A.
Rate: 7.000% per annum
Maturity: 2030
Event: incurrence

Exact text from the filing

On August 4, 2025, Advance Auto Parts, Inc. (the “Company”) completed an offering of (i) $975,000,000 in aggregate principal amount of 7.000% Senior Notes due 2030 (the “2030 Notes”)

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317 debt financings filed in the last 30 days. Browse all debt financings →

ADVANCE AUTO PARTS INC filing history →

Source: SEC EDGAR

accession 0001158449-25-000259

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