February 27, 2015 8:11 PM ET

Specialty Retail

Company Overview of Advance Stores Company, Incorporated

Company Overview

Advance Stores Company, Incorporated wholesales and retails automotive parts and maintenance items. In the retail segment, ASC’s stores offer a selection of brand name and proprietary automotive products for domestic and imported cars, and light trucks. These stores carry between 16,000 and 21,000 stock keeping units. The dealer stores consist of associate, sales center, and franchise dealers. ASC also provides services to the wholesale dealer network through various administrative and support functions, as negotiated by each independent location. The company competes with AutoZone, Inc.; O’Reilly Automotive, Inc.; The Pep Boys–Manny; Moe & Jack; Wal-Mart; Target; and K-Mart. The company was...

5673 Airport Road

Roanoke, VA 24012

United States

Founded in 1929

20,329 Employees





Key Executives for Advance Stores Company, Incorporated

Chairman and Chief Executive Officer
Age: 68
Chief Operating Officer and Executive Vice President
Age: 51
Chief Information Officer and Senior Vice President
Age: 65
Senior Vice President, Controller and Assistant Secretary
Age: 49
Senior Vice President - Human Resources
Age: 66
Compensation as of Fiscal Year 2014.

Advance Stores Company, Incorporated Key Developments

Advance Auto Parts, Inc. Enters into the Fifth Supplemental Indenture

Advance Auto Parts Inc. entered into the Fifth Supplemental Indenture, dated as of April 19, 2013 to the Indenture, dated as of April 29, 2010, among the company, Advance Stores Company, Incorporated, certain of Advance Stores' domestic subsidiaries, and Wells Fargo Bank, National Association, as trustee, to acknowledge the addition of one of Advance Stores' domestic subsidiaries as a Subsidiary Guarantor under the Indenture related to the company's 5.75% senior unsecured notes that were issued in April 2010 and 4.50% senior unsecured notes that were issued in January 2012. On May 27, 2011, the Company, as Guarantor, entered into a $750 million unsecured five-year revolving credit facility with Advance Stores, as Borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. The 2011 Credit Agreement is guaranteed by the Company and certain domestic subsidiaries of Advance Stores, including its Material Subsidiaries pursuant to the Guarantee Agreement among the Company, Advance Stores, and its Material Subsidiaries in favor of the Agent for the lenders under the 2011 Credit Agreement. Pursuant to the Supplement No. 2 to Guarantee Agreement, dated as of April 19, 2013, one domestic subsidiary of Advance Stores has been added as a guarantor under the Guarantee Agreement.

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