Advance Auto Parts, Inc. : Advance Auto Parts Announces Closing of Senior Notes Offering
01/17/2012 | 01:40pm
Advance Auto Parts, Inc., (NYSE: AAP), a leading automotive aftermarket
retailer of parts, batteries, accessories, and maintenance items,
announced today the closing of its Senior Unsecured Notes offering. The
Company 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.
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
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.
Certain statements contained in this release are forward-looking
statements, as that statement is used in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements address future
events or developments, and typically use words such as believe,
anticipate, expect, intend, plan, forecast, outlook or estimate. These
statements discuss, among other things, expected growth and future
performance, including store growth, capital expenditures, comparable
store sales, SG&A, operating income, gross profit rate, free cash flow,
profitability and earnings per diluted share for fiscal year 2011. These
forward-looking statements are subject to risks, uncertainties and
assumptions including, but not limited to, competitive pressures, demand
for the Company's products, the market for auto parts, the economy in
general, inflation, consumer debt levels, the weather, business
interruptions, acts of terrorism, availability of suitable real estate,
dependence on foreign suppliers and other factors disclosed in the
Company's 10-K for the fiscal year ended January 1, 2011 on file with
the Securities and Exchange Commission. Actual results may differ
materially from anticipated results described in these forward-looking
statements. The Company intends these forward-looking statements to
speak only as of the time of this news release and does not undertake to
update or revise them as more information becomes available.
Advance Auto Parts, Inc.
Media Contact:
Shelly
Whitaker, APR, 540-561-8452
shelly.whitaker@advanceautoparts.com
or
Investor
Contact:
Joshua Moore, 952-715-5076
Joshua.moore@advanceautoparts.com
© Business Wire 2012
