May 19, 2013 8:18 AM ET

Distributors

Company Overview of American Tire Distributors Holdings, Inc.

Company Overview

American Tire Distributors Holdings, Inc., through its subsidiaries, operates as a replacement tire distributor in the United States and Canada. The company provides passenger and light truck tires under the Bridgestone, Continental, Goodyear, Michelin, Hankook, Kumho, Nexen, Nitto, and Pirelli brands, as well as under the Fuzion and Capitol brands. It also offers custom wheels under proprietary brands, including ICW Racing, Pacer, Drifz, Cruiser Alloy, and O.E. Performance, as well as under the CX, Maas, Zora, Gear, Motiv, TIS, Dropstars, Asanti, Advanti Racing, Black Rock, BMF, Cragar, Dick Cepek, Ultra, Platinum, Lexani, Mickey Thompson, Konig, and HRE brand names; and installation and se...

Detailed Description

12200 Herbert Wayne Court

Suite 150

Huntersville, NC 28078

United States

3,500 Employees

Phone:

704-992-2000

Fax:

704-992-1384

Key Executives for American Tire Distributors Holdings, Inc.

Chief Executive Officer
Age: 57
Chief Financial Officer
Age: 38
Chief Operating Officer
Age: 47
Executive Vice President of Sales and President of Tire Pros
Age: 58
Executive Vice President
Age: 59
Compensation as of Fiscal Year 2012.

American Tire Distributors Holdings, Inc. Key Developments

American Tire Distributors Holdings, Inc. Enters into the First Amendment to the Sixth Amended and Restated Credit Agreement

American Tire Distributors Holdings, Inc. in connection with the acquisition, on March 22, 2013, Holdings entered into the First Amendment to the Sixth Amended and Restated Credit Agreement (the First Amendment). The First Amendment (1) provides the U.S. Borrowers under the agreement with a new first-in last-out facility (the FILO Facility) in an aggregate principal amount of up to $60.0 million, subject to a borrowing base specific thereto, and (2) increases the aggregate principal amount available under the Canadian ABL Facility from $60.0 million to $100.0 million, subject to the Canadian borrowing base. The additional borrowings provided for under the First Amendment were contingent upon, among other things, the closing of the acquisition on or before May 31, 2013. The closing of the acquisition occurred, and the borrowings under the FILO Facility became available, on April 30, 2013. The First Amendment also made certain other changes to the Sixth Amended and Restated Credit Agreement and added RTD as a party upon the closing of the acquisition. The maturity date for the FILO Facility is 18 months from April 30, 2013. The First Amendment did not change the maturity dates of the U.S. ABL Facility or the Canadian ABL Facility or the material terms under which either facility may be accelerated or the U.S. ABL Facility may be increased. Immediately following the closing of the acquisition, $50.1 million was drawn on the FILO Facility.

American Tire Distributors Holdings Inc. Announces Executive Appointments; Plan to Begin Expanding Canadian Distribution Centers in 2013

American Tire Distributors Holdings Inc. (ATD) announced that an agreement has been reached whereby TriCan Tire Distributors Inc. (TriCan), its subsidiary, entered into an agreement to purchase all outstanding shares of Regional Tire Distributors Inc. (RTD Ontario). ATD expects the transaction to close by the end of April 2013. The acquisition will significantly expand ATD's presence in the Ontario and Atlantic Provinces of Canada. ATD entered the Canadian market in November 2012 by purchasing TriCan. Following the close of the acquisition, ATD will continue to run its Canadian operation as a stand-alone business unit. Mike Kustra, currently President of RTD Ontario, will assume the role of President over the combined RTD/TriCan operation. Chris Fletcher, currently President of TriCan Tire Distributors, will assume the role of Non-executive Chairman of the combined operation. ATD and its subsidiaries plan to begin expanding their Canadian distribution centers in 2013 to support a broader product screen offering to customers. ATD and its subsidiaries also plan to add several new distribution centers across Canada by opening Greenfield locations and potentially acquiring other Canadian distributors.

American Tire Distributors Holdings, Inc. Enters into the Third Amendment to Fifth Amended and Restated Credit Agreement

On November 16, 2012, American Tire Distributors Holdings, Inc. entered into the third amendment to fifth amended and restated credit agreement among American Tire Distributors Holdings, Inc., American Tire Distributors, Inc., Am-Pac Tire Dist. Inc., Firestone of Denham Springs, Inc., Tire Wholesalers, Inc., ATD Acquisition Co. IV, the lenders from time to time party thereto and Bank of America, N.A., as administrative and collateral agent and lender. The third amendment increases the revolving line of credit available under the credit agreement from $650 million to $850 million and extends the maturity date to November 16, 2017, or March 1, 2017, as determined by the outstanding aggregate principal amount of the company's senior secured notes on March 1, 2017. The third amendment also makes certain pricing and other changes to the credit agreement.

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