Genuine Parts Company $1 billion senior notes offering
Davis Polk advised the joint book-running managers and representatives of the several underwriters, in connection with an SEC-registered offering by Genuine Parts Company of $500 million aggregate principal amount of its 1.750% senior notes due 2025 and $500 million aggregate principal amount of its 2.750% senior notes due 2032.
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The company's Automotive Parts Group distributes automotive replacement parts in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands and Belgium. The company's Industrial Parts Group distributes industrial replacement parts in the United States, Canada, Mexico and Australasia. In total, the company serves its global customers from an extensive network of more than 10,000 locations in 15 countries. Genuine Parts Company had 2020 revenues of $16.5 billion.
The Davis Polk capital markets team included partner Byron B. Rooney, counsel Jennifer Ying Lan and associate Soo Kyung Chae. Partner Patrick E. Sigmon and associate Dov Sussman provided tax advice. All members of the Davis Polk team are based in the New York office.