AI English summary of an SEC filing — figures as filed
O'Reilly Automotive ORLYThe company said it issued and sold a total principal amount of $850,000,000 of its 5.100% Senior Notes due 2036 on March 12, 2026. The notes mature on March 12, 2036 and bear interest at an annual rate of 5.100%.
Key points
AI summaryThe company said it issued and sold a total principal amount of $850,000,000 of its 5.100% Senior Notes due 2036 on March 12, 2026. The notes mature on March 12, 2036 and bear interest at an annual rate of 5.100%.
O'Reilly Automotive said it will pay interest on the notes on March 12 and September 12 each year, with the first payment due on September 12, 2026. The notes are general unsecured senior obligations and rank equally in right of payment with the company's other existing and future unsecured and unsubordinated debt.
The company said it may redeem the notes before December 12, 2035 (the Par Call Date) at the greater of a make-whole amount based on the Treasury Rate plus 15 basis points, or 100% of principal, in each case plus accrued interest. If a Change of Control Triggering Event occurs, holders may require the company to repurchase their notes at 101% of principal plus accrued and unpaid interest.
The company said the indenture contains covenants that limit its ability to create certain liens, enter into certain sale and leaseback transactions, and merge or consolidate or transfer substantially all of its property. Events of default include cross-acceleration of debt for borrowed money above $25.0 million while any Existing Notes remain outstanding.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
O'Reilly Automotive Issues 5.100% Senior Notes Due 2036
The company said it issued and sold a total principal amount of $850,000,000 of its 5.100% Senior Notes due 2036 on March 12, 2026. The notes mature on March 12, 2036 and bear interest at an annual rate of 5.100%.
Source · Based on the filing body and exhibits
Interest Payment Schedule and Senior Unsecured Status
O'Reilly Automotive said it will pay interest on the notes on March 12 and September 12 each year, with the first payment due on September 12, 2026. The notes are general unsecured senior obligations and rank equally in right of payment with the company's other existing and future unsecured and unsubordinated debt.
Source · Based on the filing body and exhibits
Redemption Terms and Change of Control Put Right
The company said it may redeem the notes before December 12, 2035 (the Par Call Date) at the greater of a make-whole amount based on the Treasury Rate plus 15 basis points, or 100% of principal, in each case plus accrued interest. If a Change of Control Triggering Event occurs, holders may require the company to repurchase their notes at 101% of principal plus accrued and unpaid interest.
Source · Based on the filing body and exhibits
Indenture Covenants and Events of Default
The company said the indenture contains covenants that limit its ability to create certain liens, enter into certain sale and leaseback transactions, and merge or consolidate or transfer substantially all of its property. Events of default include cross-acceleration of debt for borrowed money above $25.0 million while any Existing Notes remain outstanding.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…