ROANOKE, Va. Advance Auto Parts has announced the closing of its Senior Unsecured Notes offering. The company completed the offering of $450 million in principal amount of 4.5 percent Senior Unsecured Notes due 2023 at an issue price of 99.69 percent.
The proceeds of the offering are expected to be used to finance the recently announced acquisition of General Parts International Inc. and also for general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC acted as joint book-running managers of the debt offering.