Advance Auto Parts announced Dec. 2 the closing of its Senior Unsecured Notes offering. The company completed the offering of $450 million in principal amount of 4.50% Senior Unsecured Notes due 2023 at an issue price of 99.690%.
The proceeds of the offering are expected to be used to finance the recently announced acquisition of General Parts International, Inc. and for general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan 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.
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