Advance Auto Parts Announces Pricing of Senior Notes Offering
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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US:NYSE Investor Relations:
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Source: Business Wire
RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts, Inc. (“Advance”) (NYSE: AAP), a leading automotive aftermarket parts provider in North America, announced today the pricing of $500.0 million in aggregate principal amount of its 3.900% Notes due 2030 (the “Notes”) in a private placement. The offering is expected to close on April 16, 2020. Advance intends to use the net proceeds from this offering for general corporate purposes, which may include refinancing of certain existing indebtedness of Advance and its subsidiaries in one or more transactions.The Notes are being offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United
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