Genuine Parts Company $800 million senior notes offering
The investment-grade notes are due 2028 and 2033
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 $425 million aggregate principal amount of its 6.500% senior notes due 2028 and $375 million aggregate principal amount of its 6.875% senior notes due 2033.
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, Belgium, Spain and Portugal. 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 17 countries and has approximately 58,000 employees.
The Davis Polk capital markets team included partner Byron B. Rooney, counsel Jennifer Ying Lan and Chris Van Buren and associate Vivian Liu. Partner Patrick E. Sigmon and associates Michael Mirabella and Alanna Phillips provided tax advice. All members of the Davis Polk team are based in the New York office.