O'Reilly Automotive to Raise $1.6 Billion Through Senior Notes Offering

O'Reilly Automotive entered into an underwriting agreement on August 10, 2026, to issue and sell $1.6 billion in aggregate principal amount of senior notes. The company anticipates receiving net proceeds of approximately $1.59 billion from the offering after deducting discounts and expenses.

Key Details

• Offering Details: The notes will be issued in three tranches: $700 million of 4.800% Senior Notes due 2029, $500 million of 5.050% Senior Notes due 2031, and $400 million of 5.550% Senior Notes due 2037.
• Use of Proceeds: The primary use of the net proceeds is to repay a portion of outstanding debt under its commercial paper program. Remaining funds will be used for general corporate purposes, which may include working capital, stock repurchases, or acquisitions.
• Underwriters: The offering is being managed by representatives from J.P. Morgan Securities LLC, Truist Securities, Inc., and Wells Fargo Securities, LLC.