Advance Auto Parts plans to price notes in tranches due 2026, 2028

By Marisa Wong

Los Angeles, March 6 – Advance Auto Parts, Inc. plans to price fixed-rate notes in two parts due 2026 and 2028, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call followed by a par call. The notes will also be putable at 101 if a change of control occurs.

J.P. Morgan Securities LLC, BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are the joint bookrunners.

Computershare Trust Co., NA is the trustee.

Hogan Lovells US LLP will act as counsel to the issuer. Davis Polk & Wardwell LLP is counsel to the underwriters.

Proceeds will be used for general corporate purposes, which may include the repayment or refinancing of borrowings and other debt.

The automotive aftermarket parts company is based in Raleigh, N.C.

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