Latham & Watkins Advises on Advance Auto Parts, Inc.’s US$1 Billion Asset-Based Revolving Credit Facility

Advance Auto Parts, Inc. has announced that it has entered into a new five-year senior secured asset-based revolving credit facility. The ABL Facility provides for extensions of credit of up to US$1 billion.

Latham & Watkins LLP represented the lead arranger in the financing with a banking team led by partners Jennifer Ezring and Victor Ludwig, with associates Aditi Sharma, Jack Klein, and Youn Song. Advice was also provided on uniform commercial code matters by partner Brian Rock, with associate Sean Travers.