March 27 Update:

On March 27, 2025, the Bankruptcy Court confirmed the chapter 11 plan of OldCo Tire Distributors, Inc. f/k/a American Tire Distributors, Inc. (“OldCo”), which is administering the estate assets that were not included in the sale completed earlier this year to certain of its existing lenders.

OldCo will proceed to make distributions, if any, to creditors in accordance with the terms of the plan.  OldCo expects to complete the requirements for the chapter 11 plan to go effective on or before May 20, 2025.

You may still receive notices as part of this process. You can find more information about the Chapter 11 process at www.donlinrecano.com/atd.

March 5 Update:

On March 5, 2025, American Tire Distributors, Inc. announced the completion of the sale of substantially all its assets to a buyer entity formed by certain of its existing lenders. This announcement represents the final step in the sale process that ATD has been conducting the last several months.

With the sale now closed, the new, go-forward company is operating under new owners with a new leadership team, and is continuing to serve manufacturer partners and customers under the trusted ATD name and brand.

The assets not included in the sale will remain in Chapter 11 and be administered under OldCo Tire Distributors, Inc. f/k/a American Tire Distributors, Inc., which will seek Bankruptcy Court approval of a chapter 11 plan at a hearing currently scheduled for March 27, 2025.

You may still receive notices as part of that process. You can find more information about the Chapter 11 process at www.donlinrecano.com/atd.

Case Overview:

On October 22, 2024, American Tire Distributors and certain of its subsidiaries (collectively, “ATD” or the “Company”) commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. The cases are being jointly administered under Case No. 24-12391 (the “Main Case Docket”). The case is being administered by the Honorable Craig T. Goldblatt.

The Company has entered into a restructuring support agreement (the “RSA”) with certain lenders representing approximately 90% of the outstanding obligations under the Company’s Term Loan (collectively, the “Ad Hoc Lender Group”) that contemplates transitioning ownership of the Company through a competitive sale process. The Company and Ad Hoc Lender Group are in discussions concerning an asset purchase agreement that, if implemented, would eliminate a significant amount of the Company’s debt and provide ATD with access to new capital, positioning the business as a stronger partner to manufacturers and customers who rely on ATD to improve their productivity, profitability, and performance.

ATD is continuing to operate across its nationwide distribution network as its organization remains focused on supporting its manufacturer partners and providing its customers with tires, wheels, related tools, and accessories to support their business.

To ensure continued business operations, ATD has secured commitments for $250 million in new financing from the Ad Hoc Lender Group, as well as access to $1.2 billion in financing from lenders under the Company’s prepetition ABL facility, in the form of post-petition financing credit facilities (together, the “DIP Financing Facilities”). Upon Court approval, the DIP Financing Facilities, coupled with cash generated from the Company’s ongoing operations, is expected to provide sufficient liquidity to support the business during the court-supervised process.

Additional information regarding the Company’s court-supervised sale process is available at a dedicated website at www.ATDNext.com.

For additional information, please contact the restructuring information center toll free at: 1-866-666-1597 or international toll at: 1-(332) 284-1398, or submit an inquiry via e-mail to atdinfo@angeiongroup.com