secwatch.observer — SEC 8-K summary
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Issuer:     GENUINE PARTS CO (GPC)
CIK:        0000040987
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001193125-23-268213
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genuine Parts issues $800M in senior notes: $425M at 6.500% due 2028, $375M at 6.875% due 2033
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- Issued $425M 6.500% Senior Notes due 2028 and $375M 6.875% Senior Notes due 2033 for total $800M.
- Net proceeds to repay 3.24% Series F Senior Promissory Notes due Dec 2, 2023 and revolving credit facility.
- Notes are unsecured, unsubordinated, rank equally with other unsecured debt; structurally subordinated to subsidiary obligations.
- Notes subject to make-whole redemption prior to Oct 1, 2028 (2028) and Aug 1, 2033 (2033); change of control trigger at 101%.
- Interest payable May 1 and Nov 1 starting May 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40987/000119312523268213/0001193125-23-268213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40987/000119312523268213/d573686d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-268213

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