O'Reilly Automotive issues $750M of 5.750% Senior Notes due 2026

O REILLY AUTOMOTIVE INC

Issued $750M aggregate principal of 5.750% Senior Notes due 2026.
Estimated net proceeds ~$744.7M after underwriting discounts and expenses.
Proceeds to repay commercial paper and for general corporate purposes, including share repurchases and acquisitions.
Underwriting agreement with BofA Securities, J.P. Morgan and Truist Securities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

O REILLY AUTOMOTIVE INC entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC and Truist Securities, Inc. valued at $750 million (effective 2023-11-13).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC and Truist Securities, Inc.
Value: $750 million
Effective: 2023-11-13

Exact text from the filing

On November 13, 2023, O’Reilly Automotive, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., J.P. Morgan Securities LLC and Truist Securities, Inc., as the representatives of the underwriters named on Schedule I thereto (the “Underwriters”), with respect to the Company’s issuance and sale of $750 million aggregate principal amount of the Company’s 5.750% Senior Notes due 2026 (the “Notes”).

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O REILLY AUTOMOTIVE INC filing history →

Source: SEC EDGAR

accession 0001104659-23-118196

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