Advance Auto Parts amends credit agreement, plans private senior notes offering
On July 24, 2025, Advance Auto Parts entered into Amendment No. 7 to its credit agreement, which permits a proposed private offering of senior notes due 2030 and 2033. The company said proceeds would help refinance its $1.0 billion revolving credit facility with an ABL Facility and redeem its 2026 Notes, and the offering memorandum flags a significant increase in leverage as a risk for shareholders.
Key points
- Amendment No. 7 to the credit agreement dated November 9, 2021 was entered into on July 24, 2025, with Bank of America, N.A. as administrative agent.
- The company is offering senior notes due 2030 and 2033 in a private offering; the filing does not state the size of the notes.
- Proceeds are expected to refinance the $1.0 billion Existing Credit Facility with an ABL Facility and redeem the 2026 Notes.
- For LTM Q1 2025, net sales were $8,905 million and net loss was $580 million, according to the offering memorandum.
The filing
Written by AI on Nov 8, 2026, 1:49 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 July 24, 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.