American Tire Distributors Holdings Announces Plan for Initial Public Offering
06 February 2010 - 8:52AM
PR Newswire (US)
~ Company Files S-1 Registration Statement ~ CHARLOTTE, N.C., Feb.
5 /PRNewswire/ -- American Tire Distributors Holdings, Inc.
("American Tire Distributors") today announced that it has filed a
registration statement on Form S-1 with the U.S. Securities and
Exchange Commission in connection with a proposed initial public
offering of its common stock. American Tire Distributors intends to
list its common stock on the New York Stock Exchange under the
symbol "ATD." The number of shares to be offered and the price
range for the offering have not yet been determined. The shares of
common stock to be sold in this offering are proposed to be sold by
American Tire Distributors, with shares to satisfy the
underwriters' overallotment option to be sold by certain existing
stockholders. American Tire Distributors will not receive any of
the proceeds from the sale of shares by the selling stockholders. A
registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale
of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state. BofA Merrill Lynch and
Deutsche Bank Securities will act as joint book-running managers
for the proposed offering. The offering will be made only by means
of a prospectus. Once available, a preliminary prospectus relating
to this offering may be obtained from: BofA Merrill Lynch,
Attention: Preliminary Prospectus Department, 4 World Financial
Center, New York, NY 10080, or email and Deutsche Bank Securities,
via telephone: (800) 503-4611; or standard mail at 100 Plaza One,
Jersey City, New Jersey 07311 Attn: Prospectus Department. About
American Tire Distributors American Tire Distributors is the
largest replacement tire distributor in the United States. Through
a network of 83 distribution centers serving 37 states, American
Tire Distributors offers access to a broad and deep inventory,
representing approximately 40,000 stock-keeping units, to
approximately 60,000 customers. The company provides tire retailers
with a range of services, including frequent and timely delivery of
inventory, business support services, such as credit, training and
access to consumer market data, administration of tire manufacturer
affiliate programs, a leading online ordering and reporting system
and a website that enables its tire retailer customers to
participate in Internet marketing of tires to consumers.
DATASOURCE: American Tire Distributors Holdings, Inc. CONTACT: Kal
Goldberg, or David Press, both of FD, +1-212-850-5600
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