CSK Auto Corporation to Provide Update on Refinancing of its Capital Structure And Provide Guidance for the Fourth Quarter 2001 on December 21

PHOENIX, Dec. 18 -- CSK Auto Corporation , the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket, today announced that on Friday, December 21, 2001 it will provide an update on the refinancing of its capital structure, make additional comments regarding its third quarter fiscal 2001 financial results and also provide guidance for the fourth quarter of fiscal 2001 ending February 3, 2002.PHOENIX, Dec. 18 -- CSK Auto Corporation , the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket, today announced that on Friday, December 21, 2001 it will provide an update on the refinancing of its capital structure, make additional comments regarding its third quarter fiscal 2001 financial results and also provide guidance for the fourth quarter of fiscal 2001 ending February 3, 2002.

As announced on November 29, the refinancing is intended to result in debt reduction, the elimination of scheduled bank debt amortization payments prior to the end of 2004, the extension of debt maturities and enhanced liquidity. As disclosed separately, the Company already has completed several components of the refinancing, which is comprised of a new credit facility, a senior notes offering and newly issued convertible subordinated debentures.

CSK Auto also said that on Wednesday, December 19, 2001, it plans to file with the Securities and Exchange Commission its Form 10-Q for the third quarter ended November 4, 2001. The Company said financial results to be reported in the filing and in the December 21 press release will be consistent with the summary results reported by the Company in its November 29 news release.

CSK Auto Corporation is the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket. As of November 4, 2001 we operated 1,133 stores in 19 states under the brand names Checker Auto Parts, Schuck's Auto Supply and Kragen Auto Parts

As announced on November 29, the refinancing is intended to result in debt reduction, the elimination of scheduled bank debt amortization payments prior to the end of 2004, the extension of debt maturities and enhanced liquidity. As disclosed separately, the Company already has completed several components of the refinancing, which is comprised of a new credit facility, a senior notes offering and newly issued convertible subordinated debentures.

CSK Auto also said that on Wednesday, December 19, 2001, it plans to file with the Securities and Exchange Commission its Form 10-Q for the third quarter ended November 4, 2001. The Company said financial results to be reported in the filing and in the December 21 press release will be consistent with the summary results reported by the Company in its November 29 news release.

CSK Auto Corporation is the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket. As of November 4, 2001 we operated 1,133 stores in 19 states under the brand names Checker Auto Parts, Schuck's Auto Supply and Kragen Auto Parts