ATD Announces Official Distribution Start Date for Penn. Mixing Warehouse
American Tire Distributors, Inc. announced that its one-million-square-foot Pocono Mixing Warehouse in Blakeslee, Pennsylvania will officially begin shipments on Dec. 3.
ATD Reaches Agreement in Principle with Term Loan Lenders
American Tire Distributors, Inc. reached an agreement in principle with holders of a majority of its term loans to support its recapitalization plan.
Moody’s Downgrades ATD’s Probability of Default Rating
Moody’s Investors Service downgraded ATD’s Probability of Default Rating (PDR) following the company’s announcement that it had initiated Chapter 11 bankruptcy proceedings.
Tire Pros Dealers Remain Positive About ATD Recapitalization
With American Tire Distributors filing for Chapter 11 bankruptcy this week, Tire Pros dealers have remained optimistic about their parent company’s recapitalization approach.
In Perspective: What ATD Filing for Bankruptcy Really Means
Tire Review Editor Patti Hoying says that ATD filing for Chapter 11 bankruptcy is a move that, overall, is a positive one, for dealers.
ATD CEO’s Letter to Tire Pros Dealers on Bankruptcy Filing
Stuart Schuette, ATD’s CEO and president, sent a letter to its Tire Pros dealers regarding American Tire Distributors filing for Chapter 11 bankruptcy, reassuring them that it will be “business as usual” with no lapse in service or commitment to them throughout the process.
ATD Files for Chapter 11 Bankruptcy Upon Agreement with Bondholders
American Tire Distributors, Inc. (ATD) voluntarily filed for Chapter 11 bankruptcy after reaching a deal with bondholders on a recapitalization plan.
ATD’s TireBuyer Unveils Fresh Look, New Features
TireBuyer—an online tire retailer and a subsidiary of American Tire Distributors (ATD)—has unveiled a new brand identity complementing recent developments to further enhance customers’ online shopping experience.
Moody’s Downgrades ATD Probability of Default Rating After Debt Plan Announcement
Moody’s downgraded ATD’s probability of default rating and other ratings for senior subordinated notes after it announced a plan for a debt-for-equity exchange that it will offer bondholders.
What Does the Future Hold for Tire Wholesale Distribution? | Schuette
Leading companies in the tire industry are forcing adaptations in a new era of creativity and risk.
ATD to Recapitalize, Reduce Debt Up to $1.1 Billion
ATD announced that it has reached an agreement in principle with holders of more than 70% of its bonds on the terms of a recapitalization transaction that will reduce the company’s debt by up to $1.1 billion.
ATD’s Tire Pros Officially Launches Million-Dollar Ad Campaign
ATD’s Tire Pros launched Thursday a new, million-dollar ad campaign highlighting the work of its franchisees’ hassle-free customer service.