secwatch / observer
8-K filed August 9, 2023, 7:59 PM ET ticker ORLY CIK 0000898173
debt confidence high sentiment neutral materiality 0.60

O REILLY AUTOMOTIVE INC (ORLY): debt financing — O'Reilly Automotive establishes $1.8B commercial paper program

O REILLY AUTOMOTIVE INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

O REILLY AUTOMOTIVE INC incurred debt of not to exceed $1,800,000,000 maturing up to 397 days from the date of issue.

Principal
not to exceed $1,800,000,000
Maturity
up to 397 days from the date of issue
Event
incurrence
Exact text from the filing
Amounts available under the Program may be borrowed, repaid and re-borrowed from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $1,800,000,000.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

O REILLY AUTOMOTIVE INC entered into Dealer Agreements with commercial paper dealers valued at $1,800,000,000 (effective 2023-08-09).

Action
entry
Counterparty
commercial paper dealers
Value
$1,800,000,000
Effective
2023-08-09
Exact text from the filing
On August 9, 2023, O’Reilly Automotive, Inc. (the “Company”) established a commercial paper program (the “Program”) pursuant to which it may issue short-term, unsecured commercial paper notes (the “Notes”) under the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”).
View on SEC.gov

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Source: SEC EDGAR
accession 0000898173-23-000047
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