O'Reilly (ORLY) Prices $300M Senior Note Offering at 99.826% of Face
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O'Reilly Automotive, Inc. (Nasdaq: ORLY) has priced its previously announced offering of $300 million aggregate principal amount of 4.625 percent Senior Notes due 2021 at a price to the public of 99.826 percent of their face value.
The Company anticipates that the offering will close on or around September 19, 2011, subject to customary closing conditions. The Company intends to use the net proceeds of the offering for general corporate purposes, including share repurchases, to repay borrowings outstanding from time to time under its credit facility and to pay related fees and expenses.
The Company anticipates that the offering will close on or around September 19, 2011, subject to customary closing conditions. The Company intends to use the net proceeds of the offering for general corporate purposes, including share repurchases, to repay borrowings outstanding from time to time under its credit facility and to pay related fees and expenses.
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