SPRINGFIELD, Mo., June 17, 2013 (GLOBE NEWSWIRE) -- O'Reilly Automotive, Inc. ("O'Reilly" or the "Company") (Nasdaq:ORLY) announced today that it has priced its previously announced offering of $300 million aggregate principal amount of 3.850% Senior Notes due 2023 (the "Notes") at a price to the public of 99.992% of their face value. The Company anticipates that the offering will close on or around June 20, 2013, subject to customary closing conditions. The Company intends to use the net proceeds of the offering for general corporate purposes, including ordinary course working capital increases, repurchases of shares of its common stock, repayment of debt and to invest in other business opportunities, including acquisitions, and to pay related fees and expenses.
O'Reilly Automotive, Inc. Announces Pricing Of $300 Million Of Senior Notes Due 2023
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts