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O'Reilly Automotive plans to sell $500 million 10-year senior notes
By Aleesia Forni
New York, March 1 – O'Reilly Automotive, Inc. is in Tuesday’s market with a $500 million offering of 10-year senior notes, according to a 424B5 filed with the Securities and Exchange Commission.
J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., BofA Merrill Lynch and Wells Fargo Securities LLC are the bookrunners.
The Springfield, Mo.-based auto parts retailer plans to use the proceeds for general corporate purposes, which may include working capital, repurchases of common stock, repayment of debt and to invest in other business opportunities, including acquisitions, and to pay related fees and expenses.
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