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Advance Auto Parts Closes $300M Notes Offering
Posted January 17, 2012
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ROANOKE, Va. -- Advance Auto Parts, Inc., (NYSE: AAP) completed the offering of $300 million in principal amount of 4.50% Senior Unsecured Notes due 2022 at an issue price of 99.968%. The company will use the proceeds of the offering to pay off borrowings under its revolving credit facility, pay transaction fees and expenses and for general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC acted as joint book-running managers of the debt offering. The offering is being made solely by means of a prospectus supplement and accompanying prospectus, which has been filed with the SEC. A copy of the prospectus for the offering may be obtained on the SEC's website, www.sec.gov. Alternatively, you may request it by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention: Prospectus Department, 100 West 33rd Street, 3 rd Floor, New York, NY 10001 (phone: 800-294-1322 and e-mail: dg.prospectus_requests@baml.com); J.P. Morgan Securities LLC, Attention: High Grade Syndicate Deck - 3rd Floor, 383 Madison Avenue, New York, NY 10179, at 212-834-4533; SunTrust Robinson Humphrey, Inc., Attention: Investment Grade Debt Capital Markets, 3333 Peachtree Road, 11th Floor, Atlanta, GA 30326, at 800-685-4786; or Wells Fargo Securities, LLC, Attention: Capital Markets Client Support, 1525 West W.T. Harris Boulevard, NC 0675, Charlotte, NC 28262.
About Advance Auto Parts
Headquartered in Roanoke, Va., Advance Auto Parts, Inc., a leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items in the United States, serves both the do-it-yourself and professional installer markets. As of October 8, 2011, the Company operated 3,645 stores in 39 states, Puerto Rico, and the Virgin Islands. Additional information about the Company, employment opportunities, customer services, and online shopping for parts and accessories can be found on the Company's website at www.AdvanceAutoParts.com.
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