Description of notes
The following description of the particular terms of the notes
supplements the description of the general terms of the debt
securities set forth under the heading “Description of Debt
Securities and Guarantees” in the accompanying prospectus. If the
descriptions are inconsistent, the information in this prospectus
supplement replaces the information in the accompanying prospectus
with respect to the notes.
We are issuing the notes under the indenture, dated as of April 29,
2010, or the Original Indenture, among us, the Guarantor and
Computershare Trust Company, N.A. as successor to Wells Fargo Bank,
National Association, as trustee, as supplemented by a supplemental
indenture, to be dated the date of issuance of the notes, setting
forth specific terms of the notes (together with the Original
Indenture, the “Indenture”). The terms of the notes include those
expressly set forth in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939, as
amended, or the Trust Indenture Act.
In this description, the words “we,” “us,” “our” and “Advance Auto
Parts” refer only to Advance Auto Parts, Inc. and not to any of its
subsidiaries.
The following summary of certain provisions of the Indenture, the
notes and the guarantee does not purport to be complete and is
subject to, and qualified in its entirety by reference to, all the
provisions of the Indenture, including, without limitation, the
definitions of certain terms in the Indenture. Copies of the
Indenture are available upon request at the address indicated under
“Where you can find more information.”
General
The notes will be issued only in registered form without coupons in
minimum denominations of $2,000 and any integral multiple of $1,000
above that amount. The notes initially will be represented by one
or more global certificates registered in the name of a nominee of
DTC as described under “—Book-Entry, Delivery and Form.”
The trustee, through its corporate trust office, will act as our
paying agent and security registrar in respect of the notes. The
current location of such corporate trust office is 600 South 4th
Street, 7th Floor, Minneapolis, MN 55415. So long as the notes are
issued in the form of global certificates, payments of principal,
interest and premium, if any, will be made by us through the paying
agent to DTC.
The notes will not be entitled to the benefit of any sinking
fund.
The notes will be fully and unconditionally guaranteed on an
unsubordinated unsecured basis by Advance Stores Company,
Incorporated (the “Guarantor”), which is currently the only
guarantor that guarantees the Credit Facility and our Existing
Notes, and each of our subsidiaries that in the future incurs or
guarantees obligations under the Credit Facility or any other
Credit Facility Debt or Capital Markets Debt (each as defined under
“—Subsidiary guarantees”).
Principal, maturity and interest
We are issuing $300,000,000 aggregate principal amount of
2026 Notes and $300,000,000 aggregate principal amount of
2028 Notes in this offering.
The 2026 Notes will mature on March 9, 2026, and the
2028 Notes will mature on March 9, 2028.
The 2026 Notes and the 2028 Notes will be issued as
separate series of notes under the Indenture and will vote
separately for all purposes.
Interest on the 2026 Notes will accrue at a rate of 5.900% per
annum, and interest on the 2028 Notes will accrue at a rate of
5.950% per annum. Interest on each series of notes will be payable
semi-annually in arrears
S-11