Advance Auto Parts Launches Senior Notes Offering
April 13 2020 - 8:42AM
Business Wire
Advance Auto Parts, Inc. (“Advance”) (NYSE: AAP), a leading
automotive aftermarket parts provider in North America, is
launching an offering of $500.0 million in aggregate principal
amount of its Notes due 2030 (the “Notes”) in a private placement.
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 States
absent registration or an applicable exemption from registration
requirements.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
and shall not constitute an offer, solicitation or sale in any
state or other jurisdiction in which such an offer, solicitation or
sale would be unlawful.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket
parts provider that serves both professional installer and
do-it-yourself customers. As of December 28, 2019, Advance operated
4,877 stores and 160 Worldpac branches in the United States,
Canada, Puerto Rico and the U.S. Virgin Islands. Advance also
serves 1,253 independently owned Carquest branded stores across
these locations in addition to Mexico, the Bahamas, Turks and
Caicos and British Virgin Islands.
Forward-Looking Statements
Certain statements in this release are forward-looking
statements. All statements, other than statements of historical
facts, may be forward-looking statements. Forward-looking
statements are usually identified by the use of words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,”
“intend,” “likely,” “may,” “plan,” “position,” “possible,”
“potential,” “probable,” “project,” “projection,” “should,”
“strategy,” “will” or similar expressions. These statements are
based upon assessments and assumptions of management in light of
historical results and trends, current conditions and potential
future developments that often involve judgment, estimates,
assumptions and projections. Forward-looking statements reflect
current views about Advance’s plans, strategies and prospects and
the notes offering described herein, which are based on information
currently available as of the date of this report. Except as
required by law, Advance undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of such statements. Please refer to the risk factors
discussed in “Item 1a. Risk Factors” in Advance’s most recent
Annual Report on Form 10-K, as updated by other filings made by
Advance with the Securities and Exchange Commission, for additional
factors that could materially affect Advance’s actual results.
Forward-looking statements are subject to risks and uncertainties,
many of which are outside Advance’s control, which could cause
actual results to differ materially from these statements.
Therefore, you should not place undue reliance on those
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200413005236/en/
Investor Relations Contact: Elisabeth Eisleben T: (919)
227-5466 E: invrelations@advanceautoparts.com
Media Contact: Darryl Carr T: (984) 389-7207 E:
AAPCommunications@advance-auto.com
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