Genuine Parts Company announced the pricing of an aggregate $1 billion of senior notes, consisting of $500 million of 1.750% senior notes due 2025 issued at a price equal to 99.721% of the face value of the notes, and $500 million of 2.750% senior notes due 2032 issued at a price equal to 98.810% of the face value of the notes. The offering is expected to settle on January 10, 2022, and the closing of the offering is subject to customary closing conditions. GPC intends to use the net proceeds from this offering to repay a portion of the outstanding indebtedness under GPC's unsecured revolving credit facility incurred to finance a significant portion of the GPC's recent acquisition of Kaman Distribution Group.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
141.7 USD | +0.35% | +8.15% | +2.32% |
03:01pm | Evercore ISI Adjusts Price Target on Genuine Parts to $155 From $160 | MT |
07-03 | UBS Adjusts Price Target on Genuine Parts to $150 From $165, Maintains Neutral Rating | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+2.32% | 19.67B | |
-5.08% | 11.69B | |
+15.58% | 4.4B | |
-12.25% | 1.93B | |
-.--% | 1.58B | |
-6.50% | 1.19B | |
-15.80% | 751M | |
+31.16% | 676M | |
+25.57% | 604M | |
+28.14% | 599M |
- Stock Market
- Equities
- GPC Stock
- News Genuine Parts Company
- Genuine Parts Company Prices Aggregate $1 Billion of Senior Notes