Genuine Parts Company Acquisition | Financial Services Deal in GA

Genuine Parts Company has completed the acquisition of Genuine Parts Company, a commercial lending business in Georgia, for $500,000,000. The financial services M&A relates to a syndicated facility agreement amendment that establishes $500,000,000 of Initial Term A Commitments and $500,000,000 of Delayed Draw Term A Commitments for the company and designated borrowers. The commercial lending acquisition supports repayment of existing indebtedness across Genuine Parts Company and its subsidiaries, strengthening GA acquisitions financing capacity. The other acquisition is structured as a bank loan facility expansion with required lenders and an administrative agent, with proceeds allocated to term loan A facilities and related fees, interest, and expenses.