The company issued investment-grade notes due 2032

Davis Polk advised the joint book-running managers in connection with an offering by Advance Auto Parts, Inc. of $350 million aggregate principal amount of its 3.500% notes due 2032. The notes are guaranteed on a senior unsecured basis by Advance Stores Company, Incorporated, Advance Auto Parts’ wholly owned subsidiary.

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of January 1, 2022, Advance operated 4,706 stores and 266 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,317 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands.

The Davis Polk capital markets team included partner Michael Kaplan and associate David Li. Counsel David A. Zilberberg provided environmental advice. Partner Lucy W. Farr and associate Liang Zhang provided tax advice. All members of the Davis Polk team are based in the New York office.