Advance Auto Parts sells $1.95 billion in senior notes to refinance debt and fund ABL facility
Advance Auto Parts completed an offering of $975 million of 7.000% notes due 2030 and $975 million of 7.375% notes due 2033, with net proceeds of about $1,920 million. The company plans to use part of the proceeds to redeem its $300 million 5.90% notes due 2026 on August 7, 2025, and expects to enter a new $1.0 billion asset-based revolving credit facility to replace its existing revolver.
Key points
- Two note series totaling $1.95 billion in principal: $975 million 7.000% notes due 2030 and $975 million 7.375% notes due 2033.
- Net proceeds of about $1,920 million, with $300 million earmarked to redeem 5.90% notes due 2026 on August 7, 2025.
- Notes were sold to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S; interest is payable semi-annually starting February 1, 2026.
- New five-year ABL facility of up to $1,000 million is expected, replacing the existing $1.0 billion revolving credit facility.
The filing
Written by AI on Nov 8, 2026, 7:03 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.