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.
A registration statement on Form S-3, File No. 333-189374, relating to the Notes has been filed with the Securities and Exchange Commission and became effective upon filing. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are acting as joint book running managers for the offering of the Notes. To obtain a copy of a prospectus for this offering, please contact Merrill Lynch, Pierce, Fenner & Smith Incorporated by calling toll-free at 1-800-294-1322 or emailing email@example.com or Wells Fargo Securities, LLC by calling toll-free at 1-800-326-5897 or emailing cmClientsupport@wellsfargo.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. Any offers of the securities will be made only by means of a prospectus and any prospectus supplements thereto.About O'Reilly Automotive, Inc. O'Reilly Automotive, Inc. is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Founded in 1957 by the O'Reilly family, the Company operated 4,041 stores in 42 states as of March 31, 2013.
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