AutoZone, Inc.

Two-Tranche Senior Notes due 2024 and 2029

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.

Related transactions


BB&T Capital Markets Serves as the Exclusive Financial Advisor to AAMP in its Sale to The Halifax Group

Boss Industries, LLC

BB&T Capital Markets Serves as Exclusive Financial Advisor to Boss Industries, LLC in its Sale to Wynnchurch Capital

Axalta Coating Systems, Ltd.

Initial Public Offering

Syngin Technology, LLC

BB&T Capital Markets Serves As Exclusive Financial Advisor to Syngin Technology in its Majority Sale to Wallenius Wilhelmsen ASA

Advance Auto Parts

Revolving Credit Facility Participant


BB&T Capital Markets Serves As Exclusive Financial Advisor to The Penray Companies in Its Sale to PLZ Aeroscience


BB&T Capital Markets Serves As Exclusive Financial Advisor to TBC Corporation in Its Sale of SpeeDee Oil Change & Auto Service to Grease Monkey International


5.50% Senior Notes due 2026


5.00% Senior Notes due 2026

LKQ Corporation

3.875% Senior Notes due 2024

O'Reilly Auto Parts

3.55% Senior Notes due 2026

1-800 Radiator & A/C/Driven Brands

BB&T Capital Markets Advises 1-800 Radiator & A/C in its Sale to Driven Brands

MSDP Group, LLC/Holley Performance Products Inc.

BB&T Capital Markets Serves as Financial Advisor to MSDP Group, a Portfolio Company of Z Capital Partners, in Its Sale to Lincolnshire Management

AutoNation, Inc.

$300,000,000 3.35% Senior Notes due 2021
and $400,000,000 4.50% Senior Notes due 2025

Driven Performance Brands/Sentinel Capital Partners

BB&T Capital Markets Serves as Financial Advisor to Driven Performance Brands, a Portfolio Company of Dubin Clark & Company, in Its Sale to Sentinel Capital Partners

Arrowhead/The Riverside Company

BB&T Capital Markets serves as Financial Advisor to Arrowhead, a portfolio company of Pfingsten Partners, in its sale to The Riverside Company  

Valvoline/Highlander Partners, L.P.

BB&T Capital Markets Serves as Exclusive Financial Advisor to Ashland Inc. in its Sale of Valvoline’s Car Care Products Assets to Highlander Partners, L.P.

Fenix Parts

Initial Public Offering


5.375% Senior Notes due 2024


Follow-On Offering

BB&T Capital Markets is a division of BB&T Securities, LLC, member FINRA(opens in a new tab) / SIPC(opens in a new tab), and a wholly owned nonbank subsidiary of Truist Financial Corporation. 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. Read all disclosures

© 2019, Truist Financial Corporation. All rights reserved.