O’Reilly Automotive redeems $500 million 4.875% notes due 2021

By Taylor Fox

New York, Oct. 14 – O’Reilly Automotive, Inc. redeemed $500 million of its 4.875% senior notes due 2021 on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

Pricing for the redemption was par plus interest.

Funding came from the company’s recent September offering of $500 million of 1.75% notes due 2031 which priced at a discount at 99.544.

The Springfield, Mo.-based company is an aftermarket auto parts retailer.

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