Short answer
O’Reilly Automotive (ORLY) filed an 8-K current report with the SEC on March 12, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). ORLY issued $850M in 5.100% Senior Notes due March 12, 2036: 10-year unsecured debt at above-market rate vs prior issuances.
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 issued $850M in 5.100% Senior Notes due March 12, 2036: 10-year unsecured debt at above-market rate vs prior issuances
- Notes rank pari passu with existing unsecured debt including credit facility and 9 existing senior note series
- Callable before Dec 12, 2035 at Treasury Rate +15 bps; at par after Par Call Date: modest make-whole premium limits early redemption savings
- Change of Control triggers mandatory 101% repurchase offer: standard bondholder protection, minimal shareholder impact
- Cross-default threshold set at $25M (while Existing Notes outstanding) / $100M thereafter: relatively low trigger given ORLY's debt load
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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