ADVANCE AUTO PARTS, INC. (NYSE:AAP) Files An 8-K Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
On January 29, 2019, Advance Auto Parts, Inc. (the “Company”) notified Wells Fargo Bank, N.A., as trustee (the “Trustee”), of the Company’s intent to redeem all $300 million aggregate principal amount of its outstanding 5.750% Notes due 2020 (the “2020 Notes”) at a redemption price of approximately $1,035.00 per $1,000 principal amount of the 2020 Notes, plus accrued and unpaid interest, if any, to the redemption date of February 28, 2019.
About ADVANCE AUTO PARTS, INC. (NYSE:AAP)
Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. The Company also offers other miscellaneous offerings, including e-services. The Company operates approximately 5,170 total stores and over 120 branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands under the names Advance Auto Parts, Autopart International (AI), Carquest and Worldpac. The Company serves its commercial customers and DIY customers through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites.
