O'Reilly Automotive, Inc. Announces Proposed Offering of $300 Million of Senior Notes Due 2022
16 Agosto 2012 - 10:18AM
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 2022 (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 other business opportunities, 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. J.P. Morgan Securities LLC and U.S.
Bancorp Investments, Inc. 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 J.P. Morgan
Securities LLC by calling (collect) 1-212-834-4533 or U.S. Bancorp
Investments, Inc. by calling (toll free) 1-877-558-2607.
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 3,859 stores in 39 states as of June 30, 2012.
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
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 such as 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, 2011, for additional factors that could
materially affect the Company's financial performance. The
Company undertakes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT: O'Reilly Automotive, Inc.
Investor & Media Contact
Mark Merz
(417) 829-5878
O Reilly Automotive (NASDAQ:ORLY)
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