Wholesale Distribution

ATD proposes initial public offering

Posted on June 17, 2014

ATD Corp., the parent company of American Tire Distributors Inc., filed a registration statement with the United States Securities and Exchange Commission relating to a proposed initial public offering of its common stock on Monday, June 16, 2014.

The number of shares to be offered by ATD and its shareholders, as well as other considerations such as the price range, stock ticker symbol and listing exchange, have not yet been determined. ATD expects to use the net proceeds it receives from the offering primarily to repay a portion of its existing long-term debt.

Bank of America Merrill Lynch (Bank of America Corp.), Deutsche Bank Securities Inc. and Goldman, Sachs & Co. are acting as joint book-running managers and as representatives of the underwriters for the offering. In addition, Barclays Plc, JP Morgan Chase & Co. and UBS Investment Bank are joint book-running managers for the offering.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from any of the three companies representing the underwriters.

1. BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus Department, or via email, at dg.prospectus_requests@baml.com.

2. Deutsche Bank Securities, Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, via telephone: 1-800-503-4611 or via email: prospectus.cpdg@db.com.

3. Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, facsimile at (212) 902-9316, or e-mail at prospectus-ny@ny.email.gs.com.

Related Topics: ATD financials, IPO, SEC

Comments ( 0 )
More Stories
The top tire technology designs by college students participating n Hankook's Design Innovation program were displayed at the company's Design Insight Forum event.
News

Hankook Encourages Young Tire Designers

Hankook Tire Co. Ltd. focused on smart mobility tire concepts and electric vehicle technology at its annual Design Insight Forum at the Hankook Technodome.

Jim Mayfield thanked Kumho dealers for weathering a lot of changes over the past year and a half, and said those changes were made with an intent to create stability for the brand.
News

Kumho Promises Dealers a Stable New Year

“Consistent. Stable. Dependable.” Those three little words detail the outlook and plan for Kumho Tire USA Inc. in 2017, says Jim Mayfield, national vice president of sales and marketing.

News

Titan Appoints Chief Financial Officer

The board of directors of Titan International Inc. has approved the transition of James Froisland from his position as interim chief financial officer to chief financial officer.

News

Judge Declares Overtime Ruling Is 'Unlawful' For Now

On May 18, 2016, the Department of Labor’s final rule updating the overtime regulations was published by President Barack Obama and Secretary of Labor Thomas Perez. The ruling automatically extended overtime pay protections to more than 4 million workers within the first year of implementation.

Tire Pros is urging communities to buy from local retailers on Small Business Saturday. This year's day dedicated to locally owned small businesses is Nov. 26.
News

Tire Pros Supports Small Business Saturday With General Tires Rebate

American Tire Distributors Inc.’s Tire Pros franchise is partnering with Independent We Stand to support Small Business Saturday on Nov. 26. To help drive traffic to member stores, Tire Pros is offering a consumer rebate on General brand passenger and light truck tires. 

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!