AutoZone, Inc.

$750,000,000
Two-Tranche Senior Notes due 2024 and 2029
Co-Manager

Transaction summary

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 company

AutoZone, Inc. (NYSE:AZO)

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.

Learn moreabout AutoZone (opens in a new tab)

Automotive Aftermarket

Our focus and expertise across the entire aftermarket channel is a clear differentiator from other firms and enables us to identify opportunities and trends first.

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BB&T Capital Markets is a division of BB&T Securities, LLC, a wholly owned nonbank subsidiary of BB&T Corporation and Member FINRA(opens in a new tab) / SIPC(opens in a new tab). Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Corporate banking products are offered through Branch Banking & Trust Company. Read all disclosures.