GPC · Genuine Parts Company

Genuine Parts Company strengthened its liquidity position through the Seventh Amendment to its Syndicated Facility Agreement dated October 30, 2020, introducing $500 million Initial Term Loan A Facility and $500 million Delayed Draw Term Loan Facility, together comprising the Term Loan A Facilities with a short-term maturity of October 28, 2027. These facilities carry competitive interest rates tied to the company's senior unsecured credit rating, ranging from SOFR plus 87.5 to 150 basis points or base rate plus 0 to 50 basis points, providing cost-effective financing to repay existing indebtedness. The amendment was executed with key parties including JPMorgan Chase Bank, N.A. as administrative agent, UAP Inc., and other subsidiaries as borrowers, supported by Required Lenders and new Term A Lenders. Effectiveness is contingent on standard conditions such as legal opinions, organizational documents, fees, and representations. Concurrently, the 2026 Annual Meeting on April 27 demonstrated robust shareholder alignment, with all 11 director nominees receiving majority support despite some opposition for Juliette W. Pryor, alongside approval of executive compensation on an advisory basis and ratification of Ernst & Young LLP as auditors. The board's declaration of a $1.0625 quarterly dividend, payable July 2 to June 5 record holders, underscores ongoing capital return commitment amid the financing moves.