The net proceeds will be used to repay a portion of the outstanding debt under the company's unsecured revolving credit facility incurred to fund a significant portion of its recent buyout of Kaman Distribution Group. GPC is issuing the senior notes by virtue of its shelf registration statement filed with the Securities Exchange Commission (SEC) on Oct 23, 2020, along with a preliminary prospectus supplement filed on Jan 6, 2022. In separate news, Genuine Parts' wholly-owned subsidiary, Motion Industries, Inc. recently completed the acquisition of Kaman Distribution Group ("KDG") in a $1.3-billion, all-cash deal. Headquartered in Bloomfield, KDG is a leading distributor of industrial parts and operates more than 200 customer service centers and five distribution centers across North America.