O'Reilly Automotive's 6.75% notes exchangeable through December

By Melissa Kory

Cleveland, Oct. 4 - O'Reilly Automotive, Inc.'s outstanding 6.75% exchangeable senior notes due 2025, originally issued by CSK Auto Corp., are now exchangeable through Dec. 31.

In connection with its acquisition of CSK in 2008, O'Reilly agreed to guarantee the notes on a subordinated basis and to issue O'Reilly common shares upon exchange of the notes.

The notes became exchangeable because the company's common stock closed at or above 130% of the exchange price for 20 out of the 30 consecutive trading days that ended on Sept. 30.

There is currently $89 million principal amount of the notes outstanding.

O'Reilly, based in Springfield, Mo., is an auto parts retailer.

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