Short answer
O’Reilly Automotive (ORLY) filed an 8-K current report with the SEC on March 6, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). ORLY issuing $850M in 5.100% Senior Notes due 2036, net proceeds ~$841M after underwriting discounts and fees.
O’Reilly Automotive 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- ORLY issuing $850M in 5.100% Senior Notes due 2036, net proceeds ~$841M after underwriting discounts and fees
- Primary use: repay 3.550% senior notes due 2026 at maturity; refinancing at meaningfully higher rate (3.55% → 5.10%)
- Secondary use: pay down commercial paper balances, with remainder available for buybacks, acquisitions, or working capital
- Lead underwriters: BofA Securities, J.P. Morgan Securities, Wells Fargo Securities
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