CHARLOTTE, N.C. — American Tire Distributors Holdings announced that its subsidiary, American Tire Distributors (ATD), will offer $250 million aggregate principal amount of senior secured notes due 2017.
Net proceeds from the offering will be used to finance, in part, the acquisition of American Tire Distributors Holdings by certain investment funds affiliated with TPG Capital; and to repay a portion of ATD’s existing debt and to pay fees and expenses in connection with the transactions.