Loan & DebtApr 28, 2026, 04:42 PM
GPC Amends Syndicated Facility, Establishes $1B Term A Commitments
AI Summary
GENUINE PARTS CO (GPC) announced the execution of Amendment No. 7 to its Syndicated Facility Agreement, effective April 28, 2026. This amendment establishes new Term Loan A Facilities, comprising $500 million in Initial Term A Commitments and $500 million in Delayed Draw Term A Commitments, totaling $1 billion. The proceeds from these new loans will be utilized by the company to repay existing indebtedness of GPC and its subsidiaries.
Key Highlights
- GENUINE PARTS CO (GPC) amended its Syndicated Facility Agreement, establishing new Term Loan A Facilities.
- The amendment includes $500,000,000 in Initial Term A Commitments.
- It also includes $500,000,000 in Delayed Draw Term A Commitments, totaling $1,000,000,000.
- Proceeds from the Term A Loans will be used to repay existing indebtedness of the Company and its Subsidiaries.
- JPMorgan Chase Bank, N.A. acts as Administrative Agent and a lead arranger, alongside BofA Securities Inc., PNC Capital Markets LLC, Truist Securities, Inc., and Wells Fargo Securities, LLC.
- The amendment became effective on April 28, 2026, upon satisfaction of various conditions.