A retailer of automotive replacement parts and accessories, AutoZone runs thousands of stores across the US, Mexico, and Brazil, selling its own Duralast parts along with tools and diagnostic help for do-it-yourself drivers and repair garages. It began as Auto Shack, a 1979 offshoot of a Memphis grocery company, and renamed itself AutoZone in 1987 after a trademark clash with Radio Shack. Its Loan-A-Tool program lets customers borrow specialty tools free for up to 90 days, so DIYers needn't buy gear they'll use once.
AutoZone completes $850M offering of 4.950% Senior Notes due 2031
On July 14, 2026, AutoZone, Inc. completed the sale of $850,000,000 aggregate principal amount of 4.950% Senior Notes due 2031.
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The Notes bear interest at a fixed rate of 4.950% per year, payable semi-annually on January 15 and July 15, beginning January 15, 2027.
The Notes mature on July 15, 2031, and are senior unsecured obligations ranking equally with AutoZone's other senior unsecured liabilities.
The Notes were issued under an Indenture dated August 8, 2003, with Regions Bank as successor trustee, and sold under a shelf registration statement filed July 7, 2026.
AutoZone may redeem the Notes at its option, and holders may require repurchase upon a change of control triggering event, as described in the Officers' Certificate.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
AutoZone issues $850M of 4.950% Notes due 2031 via underwriting agreement
On July 7, 2026, AutoZone entered into an underwriting agreement with BofA Securities, J.P. Morgan Securities, Truist Securities, and U.S. Bancorp Investments as representatives of the underwriters.
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AutoZone agreed to issue and sell $850,000,000 aggregate principal amount of 4.950% Notes due 2031.
The underwriting agreement includes customary representations, warranties, conditions to closing, indemnification, and termination provisions.
Some underwriters or their affiliates have provided financial advisory, commercial banking, and investment banking services to AutoZone and may do so in the future.
Certain underwriters or affiliates are lenders and/or agents under AutoZone's existing revolving credit facilities.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
AutoZone Executive Chairman William C. Rhodes III to transition to Chairman, effective January 2026.
After the transition, Rhodes will be compensated under standard non-employee director policies and receive $250,000 annually in immediately vested restricted stock units.
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On October 8, 2025, the Board approved William C. Rhodes III's transition from Executive Chairman to Chairman, effective January 2026.
The Board also authorized an additional $1.5 billion share repurchase, bringing total authorizations to $40.7 billion since 1998.
The press release announcing the repurchase was filed as Exhibit 99.1.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits