SPRINGFIELD, Mo. – O’Reilly Automotive announced that it plans to offer $300 million aggregate principal amount of its Senior Notes due 2023.
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 common stock, repayment of debt and to invest in other business opportunities, including acquisitions and to pay related fees and expenses.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities LLC are acting as joint book running managers for the offering of the Notes.