"The actions we are taking are intended to reduce our debt and create financial flexibility so we can enhance the strategic initiatives, key technologies and talent that will drive our transformation forward," says Schuette.

ATD Reduces Debt by Up to $1.1 Billion

American Tire Distributors Inc. (ATD) has reached an agreement in principle with holders of more than 70% of its bonds on the terms of a recapitalization transaction that will reduce the company’s debt by up to $1.1 billion. It also will provide financial flexibility as it continues its ongoing transformation.

Light truck tires are 25% of unit sales and growing at Nick Lenhart’s store in Irwin, Pa. Photo courtesy of Nick Lenhart

Light Truck Tires: Dealers Adapt as Consumers Steer Away From Sedans

Demand for light trucks has exploded, and tire dealer Nick Lenhart sees it at the sales counter of Lenhart’s Service Center Tire Pros. In the first six months of 2018, light truck tires were 25% of unit sales. For comparison, in all of 2017, 18% of sales at the Irwin, Pa., dealership were LT tires.


More on ATD's Reorganization in Huntersville, N.C.

When CEO and President Stuart Schuette recently explained to American Tire Distributors Inc. associates why the company was downsizing its Field Support Center, the letter was long on strategic intiatives and short on details.


Michelin Supports ATD on the Record

On July 23, the same day it released its first-half 2018 financial results, Groupe Michelin held an earnings call. One analyst asked about Michelin’s relationship with American Tire Distributors Inc. (ATD).

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