O’Reilly Automotive, Inc. entered into an Underwriting Agreement on March 5, 2026, for the issuance and sale of $850,000,000 aggregate principal amount of 5.100% Senior Notes due 2036. The Company expects net proceeds of approximately $841 million to repay maturing 3.550% senior notes due 2026, commercial paper, and for general corporate purposes.
Key takeaways
Entered Underwriting Agreement on March 5, 2026 with BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC as representatives
Issuance of $850,000,000 5.100% Senior Notes due 2036
Estimated net proceeds of $841 million after underwriting discounts and expenses
Proceeds to repay 3.550% senior notes due 2026 and commercial paper
Remaining proceeds for general corporate purposes including working capital, share repurchases, acquisitions
Notes issued under Base Indenture dated May 20, 2019, supplemented by Seventh Supplemental Indenture dated March 12, 2026