---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-030592"
form_type: "8-K"
ticker: "ORLY"
cik: "0000898173"
company_name: "O REILLY AUTOMOTIVE INC"
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T01:21:07.864945+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-030592
- form_type: 8-K
- ticker: ORLY
- cik: 0000898173
- company_name: O REILLY AUTOMOTIVE INC
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898173/000110465925030592/0001104659-25-030592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898173/000110465925030592/tm2510899d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-030592
- JSON: https://secwatch.observer/filing/0001104659-25-030592.json
- Plain text: https://secwatch.observer/filing/0001104659-25-030592.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.