American Tire Distributors employs approximately 4,500 associates across its distribution center network.
ATD filed for Chapter 11 bankruptcy protection in October 2018, seeking to cut $1.1 billion of the company's debt.
[8] ATD received assistance refinancing from investors, including Wells Fargo.
[10] The company struggled to recover in the wake of filing bankruptcy due to the loss of its relationship with several major tire manufacturers.
[12] In February 2021, Goldman Sachs led talks on a $1 billion junk bond deal to refinance ATD, which had not recovered from the loss of major manufacturing partners.