AutoZone Inc.
AutoZone Inc. Issues $1.3 Billion in Senior Notes
Summary
On June 24, 2024, AutoZone, Inc. entered into an underwriting agreement to issue $1.3 billion in senior unsecured notes due 2029 and 2034. The 2029 notes bear interest at 5.100% per year and the 2034 notes at 5.400% per year, both payable semi-annually. The notes were issued pursuant to an Indenture dated August 8, 2003, and were offered under AutoZone's shelf registration statement. The issuance was completed on June 28, 2024. The notes are subject to customary covenants and may be redeemed by AutoZone or repurchased by noteholders under certain conditions.
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Exhibits (5)
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About AutoZone Inc.
AutoZone Inc. is a leading retailer and distributor of automotive replacement parts and accessories in the United States. Established in 1979, the company has grown to become a vital player in the automotive aftermarket industry. AutoZone primarily serves the do-it-yourself (DIY) market segment, providing products ranging from auto parts like batteries, brakes, and engine components to accessories such as car care, fluids, and interior items. Additionally, AutoZone offers commercial sales programs for professional mechanics and repair shops, enhancing its role in the automotive ecosystem. The company operates a vast network of stores across North America and has a notable presence in Mexico and Brazil. AutoZone's commitment to customer service, extensive product selection, and operational efficiency underline its market significance. It continually invests in technological advancements like its online platform, supporting both retail and commercial customers with seamless service experiences. AutoZone Inc.'s sustained growth and adaptability highlight its importance within the retail sector and the broader automotive maintenance and repair market.
Official SEC Documents
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