AutoZone Inc.

28/06/2024 | Press release | Distributed by Public on 28/06/2024 20:07

New Financial Obligation Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

On June 24, 2024, AutoZone, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement"), by and among the Company and BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc., and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the "Underwriters"), pursuant to which the Company agreed to issue and sell to the Underwriters, and the Underwriters agreed to purchase, $600,000,000 aggregate principal amount of the Company's 5.100% Notes due 2029 (the "2029 Notes") and $700,000,000 aggregate principal amount of the Company's 5.400% Notes due 2034 (the "2034 Notes" and, together with the 2029 Notes, the "Notes"). The Underwriting Agreement contains customary representations, warranties and agreements of the Company and customary conditions to closing, indemnification rights and obligations of the parties and termination provisions. The description of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is attached hereto as Exhibit 1.1.

Certain of the Underwriters or their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, commercial banking and investment banking services for the Company and its affiliates, for which they received or will receive customary fees and expense reimbursement. Certain of the Underwriters or their affiliates are lenders and/or agents under the Company's existing revolving credit facilities.

The information provided in Item 2.03 of this report is incorporated by reference into this Item 1.01.