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Genuine Parts to offer two series of notes via two bookrunners
By William Gullotti
Buffalo, N.Y., Jan. 6 – Genuine Parts Co. intends to price two series of fixed-rate senior notes via two bookrunners, according to a 424B5 filing with the Securities and Exchange Commission.
Both series feature a make-whole call and then a par call as well as a change-of-control put at 101 plus interest.
J.P. Morgan Securities LLC and Truist Securities, Inc. are the joint bookrunning managers.
U.S. Bank NA is the trustee.
Proceeds will be used to pay down debt associated with its acquisition of Kaman Distribution Group.
Atlanta-based Genuine Parts distributes automotive replacement parts.
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