Genuine Parts Company Completes $800 Million Senior Notes Offering

King & Spalding advised Genuine Parts Company (NYSE: GPC), in completing its registered offering of $425 million aggregate principal amount of 6.500% senior notes due 2028 and $375 million aggregate principal amount of 6.875% senior notes due 2033. The proceeds will be used to repay outstanding indebtedness of the Company. Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. 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 King & Spalding team advising on the matter included Cal Smith, Zack Davis, Zack Peffer and Nick Markwordt. John Sweet and Andrew Todd advised on tax matters and Jennifer Neilsson advised on ERISA matters.