AutoZone plans to sell fixed-rate senior notes via three bookrunners

Chicago, Aug. 4 – AutoZone, Inc. expects to sell dollar-denominated fixed-rate senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities, LLC are the bookrunners.

Proceeds will be used for the early redemption of the company’s $500 million 4% senior notes due November 2020. Any remaining proceeds will be used to repay, redeem or repurchase debt.

AutoZone is a Memphis-based auto parts and supplies retailer.

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