AUTOZONE, INC. (NYSE:AZO) Files An 8-K Entry into a Material Definitive Agreement
ITEM1.01.
| ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. |
On April6, 2017, AutoZone, Inc. (the Company) entered into an
underwriting agreement (the Underwriting Agreement) by and
amongst the Company and J.P. Morgan Securities LLC, U.S. Bancorp
Investments, Inc. and Wells Fargo Securities, LLC, as
representatives of the several underwriters named therein (the
Underwriters), to which the Company agreed to issue and sell to
the Underwriters, and the Underwriters agreed to purchase,
$600million aggregate principal amount of its 3.750% Notes due
2027. The Underwriting Agreement contains customary
representations, warranties and agreements of the Company and
customary conditions to closing, indemnification rights and
obligations of the parties and termination provisions. The
description of the Underwriting Agreement is qualified in its
entirety by reference to the Underwriting Agreement, a copy of
which is attached hereto as Exhibit 1.1.
The Underwriters and their respective affiliates have, from time
to time, performed, and may in the future perform, various
financial advisory, commercial banking and investment banking
services for the Company and its affiliates, for which they
received or will receive customary fees and expense
reimbursement. Certain of the Underwriters or their affiliates
are lenders and/or agents under the Companys existing revolving
credit facility.
| ITEM9.01. | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits.
|
Exhibit No. |
Description |
|
| 1.1 |
Underwriting Agreement, dated April6, 2017, among the Company, J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein. |
About AUTOZONE, INC. (NYSE:AZO)
Autozone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil. The Company’s stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company’s other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry; E-commerce, which includes direct sales to customers through www.autozone.com, and AutoAnything, which includes direct sales to customers through www.autoanything.com. AUTOZONE, INC. (NYSE:AZO) Recent Trading Information
AUTOZONE, INC. (NYSE:AZO) closed its last trading session down -7.25 at 693.34 with 193,796 shares trading hands.
