SEC Info - Advance Auto Parts Inc - ‘8-K’ for 3/17/20

i false i 0001158449 0001158449 2020-03-17 2020-03-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): i March 17, 2020

i ADVANCE AUTO PARTS, INC.

(Exact name of registrant as specified in its charter)



i Delaware	i 001-16797	i 54-2049910
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

i 2635 East Millbrook Road, i Raleigh, i North Carolina i 27604

(Address of principal executive offices) (Zip Code)

( i 540) i 362-4911

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Securities Registered Pursuant to Section 12(b) of the Act:



Title of each class	Trading symbol	Name of each exchange on which registered
i Common Stock, $0.0001 par value	i AAP	i New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company i ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

INFORMATION TO BE INCLUDED IN THE REPORT

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

As previously disclosed, on January 31, 2017, Advance Auto Parts, Inc. (“the Company”) entered into a credit agreement which provides a $1 billion unsecured revolving credit facility subject to certain terms and conditions (as subsequently amended, the “Credit Agreement”) with Advance Stores Company, Incorporated, as Borrower, the lenders party thereto, and Bank of America, N.A., Administrative Agent (the “Agent”). The Company may request that the total revolving commitment be increased by an amount not exceeding $250 million during the term of the Credit Agreement. The other material terms of the Credit Agreement, and its amendments, were described in the Company’s Current Reports on Form 8-K filed with the Securities and Exchange Commission on February 6, 2017, February 6, 2018 and January 15, 2019.

On March 17, 2020, the Company provided notice to the Agent that the Company would borrow $500 million under the Credit Agreement. The Company borrowed under the Credit Agreement in order to increase its cash position and preserve financial flexibility in light of the current uncertainty in the global markets. The Company may use the proceeds from the Credit Agreement borrowing for working capital, ongoing operating needs and general corporate purposes.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit Number

101.INS	XBRL Instance Document.
101.SCH	Inline XBRL Taxonomy Extension Schema Document.
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB	Inline XBRL Taxonomy Extension Labels Linkbase Document.
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104.1	Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



		ADVANCE AUTO PARTS, INC.
		(Registrant)

Date: March 19, 2020		/s/ *Jeffrey W. Shepherd*
		Jeffrey W. Shepherd
		Executive Vice President, Chief Financial Officer

This ‘8-K’ Filing	Date	Other Filings

Filed as of:	3/20/20
Filed on:	3/19/20
For Period end:	3/17/20
	1/15/19	8-K
	2/6/18	8-K
	2/6/17	8-K, SC 13G/A
	1/31/17	8-K
		List all Filings

Advance Auto Parts Inc – ‘8-K’ for 3/17/20

On: Thursday, 3/19/20, at 5:56pm ET · As of: 3/20/20 · For: 3/17/20 · Accession #: 1158449-20-78 · File #: 1-16797

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Current Report — Form 8-K — Sect. 13 / 15(d) – SEA’34
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