---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-257954"
form_type: "8-K"
ticker: "AAP"
cik: "0001158449"
company_name: "ADVANCE AUTO PARTS INC"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:17:02.880842+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AAP amends credit agreement: revolver reduced to $1.0B, new covenants

## Summary
- Revolving facility reduced from $1.2B to $1.0B; commitment decreased by $200M.
- Permits up to $575M restructuring charges add-back to EBITDAR; up to $800M cash netted from debt.
- Minimum consolidated coverage ratio lowered to 1.50x through July 2025, then 1.75x.
- New restrictions: no share repurchases or dividend increases; springing liens on deposits/AR if ratings drop.

## SEC filing metadata
- accession: 0001193125-24-257954
- form_type: 8-K
- ticker: AAP
- cik: 0001158449
- company_name: ADVANCE AUTO PARTS INC
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158449/000119312524257954/0001193125-24-257954-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158449/000119312524257954/d845415d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-257954
- JSON: https://secwatch.observer/filing/0001193125-24-257954.json
- Plain text: https://secwatch.observer/filing/0001193125-24-257954.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.