O'Reilly Automotive plans to price offering of 10-year senior notes

By Devika Patel

Knoxville, Tenn., May 10 – O'Reilly Automotive, Inc. intends to sell fixed-rate senior notes due 2028, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call until three months prior to maturity and will then be callable at par.

Bookrunners are J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., BofA Merrill Lynch and Wells Fargo Securities LLC.

Proceeds will be used to repay borrowings under the company’s credit facility and for general corporate purposes.

O'Reilly Automotive is a Springfield, Mo.-based retailer of automotive aftermarket products.

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