M
ME NEWS
15 Apr 2025, 07:54
AutoZone Prices $500 Million of 5.125% Senior Notes Due 2030
AutoZone, Inc. (NYSE: AZO) has announced the successful pricing and sale of $500 million aggregate principal amount of 5.125% senior notes due 2030. The transaction was executed through an underwriting agreement with BofA Securities, J.P. Morgan Securities, U.S. Bancorp Investments, and Wells Fargo Securities, acting as joint book-running managers.
The offering closed on April 14, with the notes issued under AutoZone’s existing shelf registration. Proceeds are expected to be used for general corporate purposes. Interest will be paid semi-annually beginning December 15, 2025, and the notes will mature on June 15, 2030.
The notes are senior unsecured obligations, ranking equally with AutoZone’s existing senior debt. They are subject to standard covenants and redemption terms, and provide noteholders with repurchase rights upon a change of control triggering event.
Regions Bank serves as trustee under the indenture, which governs the terms of the offering.
Legal counsel for the offering included Bass, Berry & Sims PLC and Brownstein Hyatt Farber Schreck, LLP. The underwriting agreement and supporting documents, including the officers’ certificate and note form, are filed with the U.S. Securities and Exchange Commission.
AutoZone, Inc. (NYSE: AZO) has announced the successful pricing and sale of $500 million aggregate principal amount of 5.125% senior notes due 2030. The transaction was executed through an underwriting agreement with BofA Securities, J.P. Morgan Securities, U.S. Bancorp Investments, and Wells Fargo Securities, acting as joint book-running managers.
The offering closed on April 14, with the notes issued under AutoZone’s existing shelf registration. Proceeds are expected to be used for general corporate purposes. Interest will be paid semi-annually beginning December 15, 2025, and the notes will mature on June 15, 2030.
The notes are senior unsecured obligations, ranking equally with AutoZone’s existing senior debt. They are subject to standard covenants and redemption terms, and provide noteholders with repurchase rights upon a change of control triggering event.
Regions Bank serves as trustee under the indenture, which governs the terms of the offering.
Legal counsel for the offering included Bass, Berry & Sims PLC and Brownstein Hyatt Farber Schreck, LLP. The underwriting agreement and supporting documents, including the officers’ certificate and note form, are filed with the U.S. Securities and Exchange Commission.
