Advance Auto to redeem all $300 million 5.75% notes on Feb. 28

By Sarah Lizee

Olympia, Wash., Jan. 29 – Advance Auto Parts, Inc. intends to redeem all $300 million of its outstanding 5.75% notes due 2020, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on Feb. 28 at a redemption price of about $1,035.00 per $1,000 principal amount plus accrued interest to the redemption date.

Wells Fargo Bank, NA is trustee for the notes.

Advance Auto is a Roanoke, Va.-based specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items.

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