8-KMaterial AgreementsFinancial Events

AUTOZONE INC 8-K Report, Material Agreement (May 6, 2005)

Filed May 6, 2005For Securities:AZO

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.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the extension of AutoZone's 364-day and 5-year credit agreements. This action provides the company with continued access to its credit lines.

The 364-Day Credit Facility's termination date has been extended to May 15, 2006, and the 5-Year Credit Agreement's termination date has been extended to May 17, 2010.

No, this filing does not indicate the creation of new debt. It reports the extension of existing credit facilities, effectively reaffirming AutoZone's ability to access its current borrowing capacity.

The filing does not detail specific changes to the terms and conditions beyond the extension of the termination dates. It implies that the existing terms of the agreements remain largely in place.