PHILADELPHIA — Pep Boys has commenced a public offering of 4,250,000 shares of its common stock (with up to an additional 637,500 shares to cover over-allotments, if any). The company said it intends to use the net proceeds from the offering for repayment of borrowings and store redesigns.
One of the nation’s leading automotive aftermarket and service chains, Pep Boys has 595 stores and more than 6,000 service bays in 36 states and Puerto Rico.
For more information on Pep Boys, go to: www.pepboys.com.
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