ATD Refinances Its Debt Capital Structure

American Tire Distributors Inc. (ATD) has successfully closed the refinancing of its debt capital structure, including its existing Asset Based Line of Credit facility, and replacement and issuance of a new Term Loan B.

“This transaction reflects ATD’s financial momentum and progress over the past several years delivering top line growth, solid cost and capital productivity and velocity, earnings growth, free cash flow generation and organic de-leveraging,” say ATD officials. …

Source: Modern Tire Dealer