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AutoZone prepares to sell $300 million senior notes
By Sheri Kasprzak
New York, Nov. 1 - AutoZone Inc. is set to price $300 million of senior notes, according to a 424B5 filed Thursday with the Securities and Exchange Commission.
The joint bookrunners for the notes (Baa2/BBB/BBB) are Barclays, Bank of America Merrill Lynch and SunTrust Robinson Humphrey Inc.
Proceeds from the offering will be used for general corporate purposes, including repaying, redeeming or repurchasing existing debt such as commercial paper, as well as for working capital, capital expenditures, new store openings, repurchases of common stock or acquisitions.
Based in Memphis, AutoZone is a retailer and distributor of automotive replacement parts.
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