Summary
AutoZone, Inc. (AZO) filed an 8-K on May 6, 2005, reporting on the extension of its credit facilities. The company successfully extended its Amended and Restated 364-Day Credit Agreement by an additional 364 days, pushing the termination date to May 15, 2006. Concurrently, AutoZone extended its Amended and Restated 5-Year Credit Agreement by one year, with a new termination date of May 17, 2010. These extensions, effective May 3, 2005, provide AutoZone with continued financial flexibility and stability for its operations and potential future investments.
Key Highlights
- 1AutoZone has extended its 364-day credit facility by an additional 364 days, now maturing on May 15, 2006.
- 2The company has also extended its 5-year credit agreement by one year, with a new maturity date of May 17, 2010.
- 3These credit agreement extensions were effective as of May 3, 2005.
- 4Fleet National Bank continues to serve as the Administrative Agent for both credit facilities.
- 5The extensions indicate the company's ability to secure favorable credit terms and manage its debt obligations.
- 6This filing confirms AutoZone's ongoing access to credit, crucial for its business operations and potential expansion.
- 7The company has other existing commercial relationships and banking services with lenders involved in these credit agreements.