O'Reilly Automotive, Inc. Announces Pricing of $500 Million of Senior Notes Due 2021
11 Janeiro 2011 - 7:25PM
O'Reilly Automotive, Inc. ("O'Reilly" or "the Company")
(Nasdaq:ORLY) announced today that it has priced its previously
announced offering of $500 million aggregate principal amount of
4.875% Senior Notes due 2021 (the "Notes") at a price to the public
of 99.297% of their face value. The Company anticipates that the
offering will close on or around January 14, 2011, subject to
customary closing conditions. The Company intends to use the
net proceeds of the offering (i) to repay all of the Company's
outstanding indebtedness under its existing asset-based revolving
credit facility, (ii) to pay fees and expenses related to the
offering of the Notes, and (iii) for general corporate
purposes.
A registration statement on Form S-3, File No. 333-171644,
relating to the Notes has been filed with the Securities and
Exchange Commission and became effective upon filing. Barclays
Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith
Incorporated 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 Barclays Capital Inc. toll-free at
1-888-603-5847; or Merrill Lynch, Pierce, Fenner & Smith
Incorporated toll-free at 1-800-294-1322.
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
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 installer markets. Founded in
1957 by the O'Reilly family, the Company operated 3,536 stores in
38 states as of September 30, 2010.
The O'Reilly Automotive, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5430
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
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, our 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 approvals, our ability to hire and retain
qualified employees, risks associated with the integration of
acquired businesses including the acquisition of CSK Auto
Corporation, 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, 2009,
for additional factors that could materially affect our financial
performance.
CONTACT: O'Reilly Automotive, Inc.
Investor & Media Contacts
Mark Merz (417) 829-5878
O Reilly Automotive (NASDAQ:ORLY)
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