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O'Reilly receives no puts of CSK's 6.75% exchangeable notes due 2025
By Melissa Kory
Cleveland, Dec. 15 - O'Reilly Automotive Inc. announced that the put option for its $89 million of 6.75% exchangeable senior notes due 2025 originally issued by CSK Auto Inc. expired at 5 p.m. ET on Dec. 14 with no notes tendered.
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 outstanding $89 million of notes will be on redeemed on Dec. 21 at par, plus accrued interest to, but not including, the redemption date.
Bank of New York Mellon Trust Co., NA is the redemption agent.
O'Reilly, based in Springfield, Mo., is an auto parts retailer.
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