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Published on 4/18/2016 in the Prospect News Investment Grade Daily.

AutoZone in market with offering of senior notes in two parts

By Lisa Kerner

Charlotte, N.C., April 18 – AutoZone Inc. is in the market with an offering of senior notes in two tranches, according to 424B5 filing with the Securities and Exchange Commission.

Barclays, BofA Merrill Lynch and SunTrust Robinson Humphrey Inc. are the joint bookrunners.

Proceeds will be used for general corporate purposes, which may include repaying, redeeming or repurchasing existing debt; for working capital; for capital expenditures; for new store openings; for repurchases of common stock; or for acquisitions.

AutoZone is a Memphis-based automotive parts retailer.


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