Genuine Parts issues $750M 4.950% Senior Notes due 2029

GENUINE PARTS CO

$750M of 4.950% Senior Notes due 2029 issued Aug 9, 2024; interest payable Feb 15 & Aug 15.
Proceeds to repay €1.40% Series J Senior Promissory Notes due Oct 30, 2024 and commercial paper.
Notes are unsecured, rank equally with other unsecured unsubordinated debt; structurally subordinated to subsidiary debt.
Make-whole redemption prior to July 15, 2029; thereafter at par. Change of control put at 101%.
Underwriters: J.P. Morgan, Goldman Sachs, PNC Capital Markets, Santander US Capital Markets.

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