- Current report filing (8-K)
25 Novembro 2008 - 12:47PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of report
(Date of earliest event reported):
November 24, 2008
OREILLY
AUTOMOTIVE, INC.
(Exact name of
registrant as specified in its charter)
Missouri
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|
44-0618012
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(State or other
jurisdiction
of incorporation or
organization)
|
|
(I.R.S. Employer
Identification No.)
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233 South
Patterson
Springfield,
Missouri 65802
(Address of principal
executive offices, Zip code)
(417)
862-6708
(Registrants
telephone number, including area code)
(Not
Applicable)
(Former name or
former address, if changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2):
o
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item 2.03.
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Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.
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OReilly
Automotive, Inc. (the Company), entered into an interest rate swap
transaction on November 24, 2008, with SunTrust Bank (SunTrust). The
Company entered into the interest rate swap transaction to mitigate the risk
associated with the Companys floating interest rate, which is based on LIBOR
on an additional $50 million of the Companys debt that is outstanding under
its Credit Agreement, dated as of July 11, 2008, with Bank of America,
N.A., as administrative agent, and the other parties thereto (the Credit
Facility). The interest rate swap has an effective date of November 28,
2008, and a maturity date of November 28, 2009. The Company is required to make certain
monthly fixed rate payments calculated on the notional amount of the swap and
the applicable counterparty is obligated to make certain monthly floating rate
payments to the Company referencing the same notional amount. The interest rate swap transaction
effectively fixes the annual interest rate payable on this notional amount of
the Companys debt, which may exist under the Credit Facility, to a rate of
1.95%, plus an applicable margin under the terms of the Credit Facility.
Notwithstanding the terms of the interest rate swap transaction, the Company is
ultimately obligated for all amounts due and payable under the Credit Facility.
The Company may enter into additional swap transactions in the future from time
to time.
2
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date: November 25,
2008
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OREILLY AUTOMOTIVE,
INC.
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|
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By:
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/s/ Thomas McFall
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Thomas McFall
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Executive Vice
President of Finance
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Chief Financial Officer
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(Principal Financial
and Accounting Officer)
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3
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