O'Reilly Automotive offers three tranches of senior notes; amounts, rates, and maturities TBD

Filed August 10, 2026 · ~1 min read

Key Changes

• high

  O'Reilly is offering three separate tranches of senior unsecured notes with different maturities. The specific principal amounts, interest rates, and maturity dates are not yet finalized in this preliminary prospectus supplement.

  The Offering verify on EDGAR →
• medium

  Net proceeds will primarily repay a portion of the company's commercial paper program (approximately $1.65 billion outstanding as of August 7, 2026 under a $2.25 billion program). Any remaining funds may be used for working capital, share buybacks, or acquisitions.

  Use of Proceeds verify on EDGAR →
• medium

  The notes will rank equally with the company's existing senior debt (approximately $5.7 billion as of June 30, 2026), including its credit facility, commercial paper program, and existing notes. The notes will be structurally junior to any subsidiary debt.

  The Offering verify on EDGAR →