New Issue: Advance Auto add-on upsized to $200 million, yields 11.875%

By Paul A. Harris

St. Louis, Mo., Oct. 24 - Advance Auto Stores, Inc. increased the size of its add-on offering to $200 million from a planned $150 million, according to syndicate officials. The deal, an addition to its 10¼% senior subordinated notes due April 15, 2008 priced Wednesday to yield 11.875%.

Joint bookrunners wre J.P. Morgan, Credit Suisse First Boston and Lehman Brothers.

Issuer: Advance Auto Stores, Inc.

Amount: $200 million (upsized from $150 million)

Bookrunners: J.P. Morgan, Credit Suisse First Boston and Lehman Brothers

Maturity: April 15, 2008

Coupon: 10¼%

Price: 92.802

Yield: 11.875%

Call: April 15, 2003 at 105.125, then at 103.417, 101.708, declining to par in 2006

Settlement date: Oct. 31

Ratings: Moody's B3

Standard & Poor's B-

End

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