Form 8-K · Current report
O'Reilly Automotive 8-K, filed Aug 11, 2026
- Filed
- CIK
- 0000898173
- Accession no.
- 0001104659-26-094110
Summary
O'Reilly Automotive entered into an underwriting agreement on August 10, 2026 with J.P. Morgan Securities, Truist Securities, and Wells Fargo Securities to issue $1.6 billion in senior notes across three tranches. The company expects approximately $1.59 billion in net proceeds and intends to use them to repay commercial paper and for general corporate purposes.
Key points
- O'Reilly agreed to sell $700 million of 4.800% senior notes due 2029, $500 million of 5.050% senior notes due 2031, and $400 million of 5.550% senior notes due 2037.
- Estimated net proceeds are approximately $1.59 billion after underwriting discounts and estimated offering expenses.
- O'Reilly intends to use the net proceeds to repay a portion of its commercial paper program and, if any remains, for general corporate purposes, which may include working capital, share repurchases, investments, acquisitions, and related fees and expenses.
- J.P. Morgan Securities, Truist Securities, and Wells Fargo Securities are the representatives of the underwriters.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement. Underwriting Agreement On August 10, 2026, O’Reilly Automotive, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as the representatives of the underwriters named on Schedule I thereto (the “Underwriters”), with respect to the Company’s issuance and sale of (i) $700,000,000 aggregate principal amount of the Company’s 4.800% Senior Notes due 2029, (ii) $500,000,000 aggregate principal amount of the Company’s 5.050% Senior Notes due 2031 and (iii) $400,000,000 aggregate principal amount of the Company’s 5.550%…
An excerpt of the text as filed with the SEC, cut for length.
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