secwatch.observer — SEC 8-K summary
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Issuer:     GENUINE PARTS CO (GPC)
CIK:        0000040987
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001193125-24-197824
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40987/000119312524197824/0001193125-24-197824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40987/000119312524197824/d874573d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-197824

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