O’Reilly Automotive to repay loan with proceeds of new notes

By Rebecca Melvin

New York, March 25 – O’Reilly Automotive Inc. plans to repay outstanding borrowings under its credit facility with proceeds of new notes, according to a 424B5 filed with the Securities and Exchange Commission on Wednesday.

Any remaining proceeds of the SEC-registered senior notes deal will go toward general corporate purposes, which may include ordinary course working capital, repurchases of common stock, and investments in other business opportunities, including acquisitions.

J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and SunTrust Robinson Humphrey Inc. are the joint bookrunning managers of the new notes.

The Springfield, Mo.-based company is an auto parts retailer.

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