Genuine Parts Co GPC:NYSE

Last Price$131.48NYSE Previous Close - Last Trade as of 7:00PM ET 5/18/22

Today's Change-6.13(4.45%)
Bid (Size)$119.51 (1)
Ask (Size)$138.88 (1)
Day Low / High$130.26 - 135.92
Volume912.4 K

Genuine Parts Company Prices $1 Billion Senior Notes Offering

8:59AM ET 1/07/2022 MT Newswires
Genuine Parts Company (GPC) said Friday it has priced an offering for an aggregate $1 billion of senior notes.

The offering, set to close Jan. 10, consists of $500 million of 1.750% senior notes due 2025 issued at a price equal to 99.721% of the face value of the notes and $500 million of 2.750% senior notes due 2032 issued at a price equal to 98.810% of the face value of the notes.

The automotive parts retailer said it plans to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its unsecured revolving credit facility incurred to finance a significant portion of its acquisition of Kaman Distribution Group.

Price: 139.48, Change: -0.82, Percent Change: -0.58