News

ATD Update: 'We Have Been Working With Our Suppliers as Normal'

In order to keep his customers in the loop during American Tire Distributors Inc.’s reorganization, CEO and President Stuart Schuette emailed out a quick update on the company’s recent business developments. They include clearing up some confusion about how some of its suppliers have reacted to the company’s Chapter 11 Reorganization bankruptcy filing.

News

ATD’s Lenders Support the Chapter 11 Reorganization Plan

American Tire Distributors Inc. (ATD) has reached an agreement in principle with holders of a majority of its term loans to support a restructuring plan that will reduce its debt by approximately $1.1 billion and increase financial flexibility.

News

ATD’s Top 30 Creditors

Court filings show the 30 companies that American Tire Distributors Inc. (ATD) owes the most money. Not surprisingly, tire companies make up more than half of the list.

ATD, the largest tire distributor in the U.S., has voluntarily filed for reorganization under Chapter 11.
News

ATD Voluntarily Files for Chapter 11 Reorganization

American Tire Distributors Inc. (ATD) has entered into a definitive agreement with a majority of its bondholders on the terms of a recapitalization. To implement the agreement, the company voluntarily filed for reorganization under Chapter 11.

"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.
News

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.

News

New Tire Pros Ad Campaign Costs $1 Million

American Tire Distributors Inc. (ATD) has launched a $1 million ad campaign highlighting the work of its Tire Pros franchisees. The message is hassle-free customer service.

News

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.

News

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).

News

ATD Reorganizes Its Field Support Center

American Tire Distributors Inc. (ATD) has downsized its Field Support Center in Huntersville, N.C., “to more closely align our capabilities with our strategy to continue to grow and help our customers succeed,” said a company spokesperson.

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