Genuine Parts Co GPC:NYSE

Last Price$130.93NYSE Previous Close - Last Trade as of 7:00PM ET 5/24/22

Today's Change+1.29(1.00%)
Bid (Size)$127.25 (1)
Ask (Size)$137.99 (2)
Day Low / High$127.93 - 131.56
Volume788.6 K

Genuine Parts Company Unveils $1 Billion Aggregate Issuance Under 2025, 2032 Notes

5:28PM ET 1/10/2022 MT Newswires
Genuine Parts Company (GPC) said it issued $500 million of 1.75% senior notes due 2025 and $500 million of 2.750% senior notes due 2032.

Net proceeds will help repay a portion of outstanding debt under the firm's unsecured revolving credit facility incurred to finance a significant proportion of the recent acquisition of Kaman Distribution Group.

The company may redeem the 2025 notes any time before Feb. 1, 2023, and the 2032 notes at any time before Nov. 1, 2031.

If redemptions come on or after these dates, the price will be 100% of the principal amount plus accrued and unpaid interest.