ATD, Parent Company Offer Note Exchange

(Akron/Tire Review) American Tire Distributors has begun an exchange offer for all of its privately placed outstanding senior floating rate notes due 2012 and 10.75 per cent senior fixed rate notes due 2013 for newly registered senior floating rate notes due 2012 and 10.75 per cent senior fixed rate notes due 2013, respectively.

It’s parent company, American Tire Distributors Holdings Inc., has also started an exchange offer for all of its privately placed outstanding 13 per cent senior discount notes due 2013 for newly registered 13 per cent senior discount notes due 2013.

The exchange offers, said ATD, are required by the registration rights agreements for the outstanding notes.