GENUINE PARTS COGPC
GENUINE PARTS CO Debt Disclosure
Debt
The following table summarizes our debt outstanding as of December 31, 2025 and December 31, 2024:
| (in thousands) | December 31, 2025 | December 31, 2024 | ||||||||||||
Unsecured revolving line of credit, $2,000,000,000, SOFR plus 1.25% variable,weighted average rate 5.01% as of December 31, 2025 | $ | 600,000 | $ | — | ||||||||||
Commercial paper, net of discounts, weighted average rate of 4.39% at December 31, 2025 | 342,791 | — | ||||||||||||
| Unsecured term notes: | ||||||||||||||
January 6, 2022, Senior Unsecured Notes, $500,000, 1.75% fixed, due February 1, 2025 | — | 500,000 | ||||||||||||
June 30, 2019, Series B Senior Unsecured Notes, A$155,000, 3.43% fixed, due June 30, 2026 | 103,788 | 96,426 | ||||||||||||
November 30, 2016, Series H Senior Unsecured Notes, $250,000, 3.24% fixed, due November 30, 2026 | 250,000 | 250,000 | ||||||||||||
October 30, 2017, Series K Senior Unsecured Notes, €250,000, 1.81% fixed, due October 30, 2027 | 293,700 | 260,150 | ||||||||||||
October 30, 2017, Series I Senior Unsecured Notes, $120,000, 3.70% fixed, due October 30, 2027 | 120,000 | 120,000 | ||||||||||||
November 1, 2023 Senior Unsecured Notes, $425,000, 6.50% fixed, due November 1, 2028 | 425,000 | 425,000 | ||||||||||||
May 31, 2019, Series A Senior Unsecured Notes, €50,000, 1.55% fixed, due May 31, 2029 | 58,740 | 52,030 | ||||||||||||
August 7, 2024, Senior Unsecured Notes, $750,000, 4.95% fixed, due August 15, 2029 | 750,000 | 750,000 | ||||||||||||
October 30, 2017, Series L Senior Unsecured Notes, €125,000, 2.02% fixed, due October 30, 2029 | 146,850 | 130,075 | ||||||||||||
October 27, 2020, Senior Unsecured Notes, $500,000, 1.88% fixed, due November 1, 2030 | 500,000 | 500,000 | ||||||||||||
May 31, 2019, Series B Senior Unsecured Notes, €100,000, 1.74% fixed, due May 31, 2031 | 117,480 | 104,060 | ||||||||||||
January 6, 2022, Senior Unsecured Notes, $500,000, 2.75% fixed, due February 1, 2032 | 500,000 | 500,000 | ||||||||||||
October 30, 2017, Series M Senior Unsecured Notes, €100,000, 2.32% fixed, due October 30, 2032 | 117,480 | 104,060 | ||||||||||||
November 1, 2023 Senior Unsecured Notes, $375,000, 6.88% fixed, due November 1, 2033 | 375,000 | 375,000 | ||||||||||||
May 31, 2019, Series C Senior Unsecured Notes, €100,000, 1.95% fixed, due May 31, 2034 | 117,480 | 104,060 | ||||||||||||
| Other unsecured debt | 2,035 | 43,619 | ||||||||||||
| Total unsecured debt | 4,820,344 | 4,314,480 | ||||||||||||
| Unamortized discount and debt issuance cost | (24,593) | (30,135) | ||||||||||||
| Total debt | 4,795,751 | 4,284,345 | ||||||||||||
| Less debt due within one year | 1,297,328 | 541,705 | ||||||||||||
| Long-term debt, excluding current portion | $ | 3,498,423 | $ | 3,742,640 | ||||||||||
The following table summarizes scheduled maturities of our debt for the years succeeding December 31, 2025 (in thousands):
| 2026 | $ | 1,297,328 | |||
| 2027 | 414,986 | ||||
| 2028 | 425,000 | ||||
| 2029 | 955,590 | ||||
| 2030 | 500,000 | ||||
| Thereafter | 1,227,440 | ||||
| $ | 4,820,344 | ||||
Unsecured Revolving Credit Facility
On October 30, 2020, we entered into a $1.5 billion Syndicated Facility Agreement (as amended, the "Unsecured Revolving Credit Facility"). On March 20, 2025, we amended the Unsecured Revolving Credit Facility to expand the borrowing capacity from $1.5 billion to $2.0 billion and extend the maturity date to March 20, 2030. We had $600 million of outstanding borrowings under the Unsecured Revolving Credit Facility as of December 31, 2025 and no outstanding borrowings as December 31, 2024.
Commercial Paper Program
On November 29, 2023, we established a commercial paper program that allows us to issue unsecured commercial paper notes up to $1.5 billion outstanding. We amended our commercial paper program on March 27, 2025 to expand the maximum borrowing capacity from $1.5 billion to $2.0 billion. The maturities of the commercial paper notes vary but may not exceed 364 days from the date of issuance. The commercial paper notes are sold under customary terms in the commercial paper market and rank pari passu with unsecured and unsubordinated indebtedness. The notes are issued at par less a discount representing an interest factor or, if interest bearing, at par. The net proceeds of issuances of the commercial paper notes have been used to repay certain of our unsecured senior notes (as described below) and have been and are expected to continue to be used for general corporate purposes. We had $343 million outstanding under our commercial paper program as of December 31, 2025, presented in Short-term borrowings on the consolidated balance sheet, and no outstanding borrowings as of December 31, 2024. The weighted average interest rate of our commercial paper outstanding as of December 31, 2025 was 4.39%.
In the consolidated statement of cash flows, we present commercial paper activity with original maturities of three months or less on a net basis given their short-term nature.
Notes and Other Borrowings
In addition to funding other working capital requirements, we used commercial paper borrowings to repay the $500 million principal amount of our 1.75% Unsecured Senior Notes due February 1, 2025.
Covenants
Certain borrowings require us to comply with a financial covenant with respect to a maximum debt to EBITDA ratio. At December 31, 2025, we were in compliance with all such covenants.
Free Sentinel
Track for freeWant the next GENUINE PARTS CO debt disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment GENUINE PARTS CO's next filing hits EDGAR. No credit card, your email never gets sold.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2018 | Feb 25, 2019 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.