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O'Reilly: CSK Auto 6.75% exchangeable notes are putable until Dec. 14
By Marisa Wong
Madison, Wis., Nov. 15 - O'Reilly Automotive, Inc. said that the 6.75% exchangeable senior notes due 2025 originally issued by CSK Auto, Inc. are putable until 5 p.m. ET on Dec. 14.
In connection with its acquisition of CSK in 2008, O'Reilly agreed to guarantee the notes on a subordinated basis and to issue O'Reilly common shares upon exchange of the notes.
Holders who put their notes will receive par plus accrued interest to but excluding the repurchase date.
Holders who do not tender their notes for purchase under the put option may still exchange their notes.
As previously announced, CSK has also issued a redemption notice for all notes with a redemption date of Dec. 21.
O'Reilly is a Springfield, Mo.-based auto parts retailer.
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