ADVANCE AUTO PARTS INC (AAP): debt financing — Advance Auto Parts issues $600M in notes (5.900% due 2026, 5.950% due 2028)

ADVANCE AUTO PARTS INC

Priced $300M of 5.900% notes due March 2026 and $300M of 5.950% notes due March 2028.
Notes are unsecured, unsubordinated, and guaranteed by wholly owned subsidiary Advance Stores Company.
Interest payable semi-annually starting September 9, 2023; redemption terms include make-whole or par call.
Offering completed under existing shelf registration; covenants limit liens and sale/leaseback transactions.

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 $300,000,000 aggregate principal amount at 5.900% maturing March 9, 2026.

Instrument: senior notes
Principal: $300,000,000 aggregate principal amount
Rate: 5.900%
Maturity: March 9, 2026
Event: incurrence

Exact text from the filing

On March 9, 2023, Advance Auto Parts, Inc., a Delaware corporation (the “Company”), completed its previously announced offering of $300,000,000 aggregate principal amount of its 5.900% Notes due March 9, 2026 (the “2026 Notes”) and $300,000,000 aggregate principal amount of its 5.950% Notes due March 9, 2028 (the “2028 Notes,” and together with the 2026 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 $300,000,000 aggregate principal amount at 5.950% maturing March 9, 2028.

Instrument: senior notes
Principal: $300,000,000 aggregate principal amount
Rate: 5.950%
Maturity: March 9, 2028
Event: incurrence

Exact text from the filing

On March 9, 2023, Advance Auto Parts, Inc., a Delaware corporation (the “Company”), completed its previously announced offering of $300,000,000 aggregate principal amount of its 5.900% Notes due March 9, 2026 (the “2026 Notes”) and $300,000,000 aggregate principal amount of its 5.950% Notes due March 9, 2028 (the “2028 Notes,” and together with the 2026 Notes, the “Notes”).

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

ADVANCE AUTO PARTS INC filing history →

Source: SEC EDGAR

accession 0001193125-23-065940

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