ATD accepts nearly $200 million for senior note offerings
American Tire Distributors Inc. (ATD) has closed its exchange offer for its 1). privately placed outstanding senior floating rate notes due 2012, and 2). 10.75% senior fixed rate notes due 2013. The exchange offers were for newly registered senior floating rate notes due 2012 and 10.75% senior fixed rate notes due 2013, respectively.
ATD accepted for exchange $43.6 million aggregate principal amount of the outstanding senior floating rate notes and $150 million aggregate principal amount of its outstanding senior fixed rate notes, representing approximately 31% and 100% of the total notes, repectively.
ATD commenced the original exchange offer Oct. 5, 2005 (see "American Tire Distributors offers senior note exchange," www.moderntiredealer.com). At the same time, its parent company announced an exchange offer of its own.
American Tire Distributors Holdings Inc. accepted for exchange $51.48 million aggregate principal amount of its privately placed outstanding 13% senior discount notes due 2013 (for newly registered 13% senior discount notes due 2013). The exchange represented 100% of the total outstanding senior discount notes.
The exchange agent for the exchange offers were Wachovia Bank, National Association. Any questions regarding the exchange offer or requests for additional copies of the prospectus and related documents which describe the exchange offer in more detail should be directed to Wachovia Bank at (704) 590-7413.