O'Reilly says CSK Auto 6.75% notes are exchangeable through September

By Susanna Moon

Chicago, July 1 - O'Reilly Automotive, Inc. said the 6.75% exchangeable senior notes due 2025 issued by CSK Auto Corp. are now exchangeable through Sept. 30.

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 June 30.

The exchange period began Thursday.

There is currently $100 million principal amount of the notes outstanding.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.