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GPC Prices $500 Million Of Senior Notes

GPC intends to use the net proceeds from this offering to repay outstanding indebtedness.

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Genuine Parts Company announced recently the pricing of its $500 million 1.875% senior notes due 2030 issued at a price equal to 99.069% of the face value of the notes. The offering is expected to settle on Thursday, Oct. 29, 2020. GPC intends to use the net proceeds from this offering to repay outstanding indebtedness, in part to satisfy certain debt repayment obligations. 

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GPC has filed a registration statement, including a prospectus and preliminary prospectus supplement, with the SEC for this offering. Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents GPC has filed with the SEC for more complete information about GPC and this offering. The documents are available for free by visiting EDGAR on the SEC website at sec.gov.

Alternatively, copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained by contacting the joint book-running managers by calling J.P. Morgan Securities LLC toll free at (866)-803-9204 or writing to J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the related registration statement.

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