Advance Auto Parts Completes $1.95 Billion Senior Notes Offering
Deal News | Aug 11, 2025 | Hogan Lovells
Advance Auto Parts, a major player in the automotive aftermarket parts industry in North America, successfully closed a $1.95 billion senior notes offering on August 4, 2025. These funds will primarily be used to redeem existing 5.900% senior notes due in 2026 and to support general corporate purposes. Hogan Lovells played a pivotal advisory role in this transaction. The legal team from Hogan Lovells, led by Capital Markets partners John Beckman and Stuart Morrissy, included various associates and partners from their Washington D.C. and New York offices specializing in Capital Markets and Corporate & Finance. This strategic financial move aims to enhance Advance Auto's liquidity and strengthen its borrowing base.
Sectors
- Automotive Aftermarket
- Capital Markets
Geography
- North America – Advance Auto Parts is a leading provider in the North American automotive aftermarket industry.
- United States – The legal advisors, Hogan Lovells, and the mentioned personnel are predominantly based in the United States, operating from Washington D.C. and New York.
Industry
- Automotive Aftermarket – Advance Auto Parts operates in the automotive aftermarket sector, providing parts and services to professional installers and DIY consumers.
- Capital Markets – The transaction involved a senior notes offering, a key activity within the capital markets sector, and included advisory roles from Hogan Lovells.
Financials
- $1.95 billion – Total amount raised through the senior notes offering by Advance Auto Parts.
- 5.900% – The interest rate of the existing senior notes due in 2026 that are being redeemed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advance Auto Parts | Issuer | Company | A leading provider of automotive aftermarket parts in North America. |
| Hogan Lovells | Legal Advisor | Company | A global law firm advising on the $1.95 billion senior notes offering. |
| John Beckman | Partner - Capital Markets | Person | Leading partner at Hogan Lovells involved in the transaction. |
| Stuart Morrissy | Partner - Capital Markets | Person | Partner at Hogan Lovells in New York involved in the transaction. |