O'Reilly Automotive intends to sell 10-year senior notes

By Devika Patel

Knoxville, Tenn., May 9 – O'Reilly Automotive, Inc. intends to sell dollar-denominated fixed-rate senior notes due 2029, 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 BofA Merrill Lynch, Wells Fargo Securities LLC, J.P. Morgan Securities LLC and U.S. Bancorp Investments Inc.

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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