O'Reilly Automotive, Inc. Announces Proposed Offering of $300 Million of Senior Notes Due 2023
17 Junho 2013 - 10:03AM
O'Reilly Automotive, Inc. ("O'Reilly" or the "Company")
(Nasdaq:ORLY) announced today that it plans to offer $300 million
aggregate principal amount of its Senior Notes due 2023 (the
"Notes"). 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.
A registration statement on Form S-3 relating to the Notes has
been filed with the Securities and Exchange Commission and became
effective upon filing. Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Wells Fargo Securities, LLC are acting as joint
book running managers for the offering of the Notes. To obtain a
copy of a prospectus for this offering, please contact Merrill
Lynch, Pierce, Fenner & Smith Incorporated by calling toll free
at 1-800-294-1322 or emailing
dg.prospectus_requests@baml.com or Wells Fargo Securities, LLC
by calling toll-free at 1-800-326-5897 or emailing
cmClientsupport@wellsfargo.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. Any offers of the
securities will be made only by means of a prospectus and any
prospectus supplements thereto.
About O'Reilly Automotive, Inc.
O'Reilly Automotive, Inc. is one of the largest specialty
retailers of automotive aftermarket parts, tools, supplies,
equipment and accessories in the United States, serving both the
do-it-yourself and professional service provider markets. Founded
in 1957 by the O'Reilly family, the Company operated 4,041 stores
in 42 states as of March 31, 2013.
Forward-Looking Statements
The Company claims the protection of the safe-harbor for
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by forward-looking words such as "expect," "believe,"
"anticipate," "should," "plan," "intend," "estimate," "project,"
"will" or similar words. In addition, statements contained within
this press release that are not historical facts are
forward-looking statements, such as statements concerning the
proposed offering of the Notes. These forward-looking statements
are based on estimates, projections, beliefs and assumptions and
are not guarantees of future events and results. Such statements
are subject to risks, uncertainties and assumptions, including, but
not limited to, the Company's ability to consummate the offering of
the Notes as described herein, competition, product demand, the
market for auto parts, the economy in general, inflation, consumer
debt levels, governmental regulations, the Company's increased debt
levels, credit ratings on the Company's public debt, the Company's
ability to hire and retain qualified employees, risks associated
with the performance of acquired businesses, weather, terrorist
activities, war and the threat of war. Actual results may
materially differ from anticipated results described or implied in
these forward-looking statements. Please refer to the "Risk
Factors" section of the annual report on Form 10-K for the year
ended December 31, 2012, for additional factors that could
materially affect the Company's financial performance.
Forward-looking statements speak only as of the date they were made
and the Company undertakes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
CONTACT: O'Reilly Automotive, Inc.
Investor & Media Contact
Mark Merz (417) 829-5878
O Reilly Automotive (NASDAQ:ORLY)
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