secwatch.observer — SEC 8-K summary
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Issuer:     O REILLY AUTOMOTIVE INC (ORLY)
CIK:        0000898173
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001104659-25-030592
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898173/000110465925030592/0001104659-25-030592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898173/000110465925030592/tm2510899d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-030592

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer