O'Reilly Automotive enters new $2.25B revolver due 2030, upsizes commercial paper to $2.25B

O REILLY AUTOMOTIVE INC

Five-year $2.25B unsecured revolving credit facility maturing March 2030, replacing 2021 agreement.
Accordion feature allows increase to up to $3.15B subject to conditions.
Commercial paper program upsized from $1.8B to $2.25B outstanding.
Pricing tied to credit ratings: ABR spread 0.000%-0.050%, Term SOFR spread 0.680%-1.075%, facility fee 0.070%-0.175%.
Covenants include min. fixed charge coverage 2.50x and max. leverage 3.50x.

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