NYSE:AAPSpecialty Retail
Advance Auto Parts (AAP) Taps $1.92 Billion Debt: What Does This Mean for Its Liquidity Strategy?
On August 4, 2025, Advance Auto Parts completed a debt financing by issuing US$975 million of 7.000% Senior Notes due 2030 and US$975 million of 7.375% Senior Notes due 2033, with net proceeds of about US$1.92 billion intended partly to redeem existing debt and support future liquidity through a new asset-based loan facility.
These moves come just before the company’s next earnings report and amid analyst expectations for significant declines in both earnings and revenue for the...