Item 1.01. Entry into a Material Definitive Agreement.
The disclosure under Item 2.03 of this Current Report on Form 8-K is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant.
On
The Notes bear interest at the applicable rate per annum listed in the
description of the Notes above, payable semi-annually in arrears on
The Indenture provides, among other things, that the Notes may be redeemed in
whole or in part at any time and from time to time prior to
The terms of the Indenture will, among other things, limit the ability of the Company and its subsidiaries to (i) create or incur debt secured by liens on certain property, or upon shares of capital stock or evidence of indebtedness issued by any of the Company's subsidiaries, and owned by the Company or by any of its subsidiaries, and (ii) enter into certain sale and leaseback transactions, and will limit the ability of the Company and the Guarantor to merge, sell, transfer, lease or convey all or substantially all of their property. These covenants are subject to a number of important limitations and exceptions that are described in the Indenture.
The Indenture provides for customary events of default (subject in certain cases to customary grace and cure periods), which include nonpayment, breach of covenants in the Indenture, payment defaults or acceleration of other indebtedness and certain events of bankruptcy and insolvency. If an event of default occurs and is continuing, the Trustee or holders of at least 25% in principal amount outstanding of the Notes may declare the principal and the accrued and unpaid interest, if any, on the Notes to be due and payable. These events of default are subject to a number of important qualifications, limitations and exceptions that are described in the Indenture.
The foregoing description does not purport to be complete and is qualified in
its entirety by reference to the Base Indenture (which was previously filed by
the Company with the
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Exhibit Description 4.1 Ninth Supplemental Indenture, dated as ofMarch 4, 2022 , amongAdvance Auto Parts, Inc. ,Advance Stores Company, Incorporated andComputershare Trust Company, N.A. , as successor toWells Fargo Bank, National Association , as Trustee. 4.2 Form of 3.500% Notes due 2032 (included in Exhibit 4.1). 5.1 Opinion ofHogan Lovells US LLP . 23.1 Consent ofHogan Lovells US LLP (included in Exhibit 5.1). 101 Pursuant to Rule 406 of Regulation S-T, the cover page to this Current Report on Form 8-K is formatted in Inline XBRL. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document included in Exhibit 101.1).
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