BB&T Capital Markets Serves as Co-Manager for AutoZone’s $750 Million Two-Tranche Senior Notes
On April 4, 2019, BB&T Capital Markets served as a co-manager for a two-tranche offering of $750 million senior notes due 2024 and 2029 by AutoZone.
Proceeds from the offering are being used to repay existing debt and for general corporate purposes.
About the Companies
AutoZone is the nation’s leading retailer, and a leading distributor, of automotive replacement parts and accessories in the United States. They began operations in 1979 and at February 11, 2017, operated 5,346 AutoZone stores in the United States, including Puerto Rico; 491 in Mexico; nine in Brazil; and 26 Interamerican Motor Corporation, or “IMC,” branches. Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. At February 11, 2017, in 4,437 of the Company’s domestic AutoZone stores; they also had a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.