American Tire Distributors Inc. (ATD) has commenced an exchange offer for all of its privately placed outstanding senior notes. ATD will exchange its senior floating rate notes due 2012 and 10.75% senior fixed rate notes due 2013 for newly registered senior floating rate notes due 2012 and 10.75% senior fixed rate notes due 2013, respectively.
American Tire Distributors Holdings Inc., ATD's parent company, also commenced an exchange offer of its own. It will exchange all of its privately placed outstanding 13% senior discount notes due 2013 for newly registered 13% senior discount notes due 2013.
The exchange offers, which are required by the registration rights agreements for the outstanding notes, are being made pursuant to a prospectus dated Oct. 4, 2005.
The terms of the new notes will be substantially identical to the terms of the outstanding notes, except that certain transfer restrictions and registration rights provisions relating to the outstanding notes do not apply to the new notes, which will be registered under the Securities Act of 1933, as amended. The exchange offer will expire at 5 p.m. EST on November 2, 2005, unless extended.
Copies of the exchange offer prospectus and related transmittal materials governing the exchange offers are available from the exchange agent for the offers, Wachovia Bank, National Association, at: Wachovia Bank, National Association, Corporate Actions -- NC1153, 1525 West W.T. Harris Blvd., 3C3, Charlotte, NC 28262-8522. The agent can be reached by phone at (704) 590-7413.
