O'Reilly Automotive, Inc. Announces Pricing of $300 Million of Senior Notes Due 2022
16 Agosto 2012 - 4:38PM
O'Reilly Automotive, Inc. ("O'Reilly" or "the Company")
(Nasdaq:ORLY) announced today that it has priced its previously
announced offering of $300 million aggregate principal amount of
3.800% Senior Notes due 2022 (the "Notes") at a price to the public
of 99.627% of their face value. The Company anticipates that the
offering will close on or around August 21, 2012, subject to
customary closing conditions. 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 its common stock, repayment of debt and other business
opportunities, and to pay related fees and expenses.
A registration statement on Form S-3, File No. 333-183338,
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
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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