{"schema_version":"secwatch.filing_event.v1","accession":"0000898173-23-000047","form_type":"8-K","ticker":"ORLY","cik":"0000898173","company_name":"O REILLY AUTOMOTIVE INC","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.964214+00:00","generated_at":"2026-06-12T00:02:10.103730+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"O'Reilly Automotive establishes $1.8B commercial paper program","bullets":["Program permits unsecured notes up to $1.8B aggregate face value; maturities up to 397 days.","Notes rank pari passu with other unsecured and unsubordinated indebtedness.","Proceeds to be used for general corporate purposes; revolving credit facility provides liquidity backstop.","No notes outstanding under the program as of August 9, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000898173-23-000047","json":"https://secwatch.observer/filing/0000898173-23-000047.json","markdown":"https://secwatch.observer/filing/0000898173-23-000047.md","text":"https://secwatch.observer/filing/0000898173-23-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/898173/000089817323000047/0000898173-23-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/898173/000089817323000047/orly-20230809x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T00:02:10.103730+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7e024ead23a3a6479ff7ad9072cfaaa4bd1650c5","claim":"O REILLY AUTOMOTIVE INC incurred debt of not to exceed $1,800,000,000 maturing up to 397 days from the date of issue.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/898173/000089817323000047/0000898173-23-000047-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"not to exceed $1,800,000,000"},{"label":"Maturity","value":"up to 397 days from the date of issue"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"40a0f82db269c67594d8c5c3b55872d04de765d8","claim":"O REILLY AUTOMOTIVE INC entered into Dealer Agreements with commercial paper dealers valued at $1,800,000,000 (effective 2023-08-09).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/898173/000089817323000047/0000898173-23-000047-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"commercial paper dealers"},{"label":"Value","value":"$1,800,000,000"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}