O'Reilly Automotive Files 8-K: Material Agreement & Exhibits
Ticker: ORLY · Form: 8-K · Filed: Aug 19, 2024 · CIK: 898173
| Field | Detail |
|---|---|
| Company | O Reilly Automotive Inc (ORLY) |
| Form Type | 8-K |
| Filed Date | Aug 19, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $500,000,000, $25.0 m, $100.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing, exhibits
Related Tickers: ORLY
TL;DR
O'Reilly (ORLY) filed an 8-K for a material agreement and exhibits. Details TBD.
AI Summary
On August 19, 2024, O'Reilly Automotive, Inc. filed an 8-K report. The filing indicates an entry into a material definitive agreement and includes financial statements and exhibits. Specific details of the agreement or financial figures were not provided in the excerpt.
Why It Matters
This filing signals a significant business event for O'Reilly Automotive, potentially involving a new contract or financial transaction that could impact its operations and future performance.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of a material event and does not inherently present new risks without further details on the agreement.
Key Players & Entities
- O'Reilly Automotive, Inc. (company) — Registrant
- August 19, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by O'Reilly Automotive, Inc.?
The provided excerpt does not specify the details of the material definitive agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 19, 2024.
What is O'Reilly Automotive, Inc.'s principal executive office address?
The address is 233 South Patterson Avenue, Springfield, Missouri 65802.
What is O'Reilly Automotive, Inc.'s telephone number?
The telephone number is (417) 862-6708.
What are the main items reported in this 8-K filing?
The filing reports an entry into a material definitive agreement and includes financial statements and exhibits.
Filing Stats: 1,719 words · 7 min read · ~6 pages · Grade level 12.7 · Accepted 2024-08-19 16:03:20
Key Financial Figures
- $0.01 — ge on which Registered Common Stock $0.01 par value ORLY The NASDAQ Stock Mar
- $500,000,000 — e, Inc. (the "Company") issued and sold $500,000,000 aggregate principal amount of the Compa
- $25.0 m — in an aggregate amount greater than (a) $25.0 million, at any time that any Existing No
- $100.0 million — isting Notes remain outstanding, or (b) $100.0 million at any time that no Existing Notes rema
Filing Documents
- tm2418603d5_8k.htm (8-K) — 39KB
- tm2418603d5_ex4-1.htm (EX-4.1) — 182KB
- tm2418603d5_ex5-1.htm (EX-5.1) — 18KB
- tm2418603d5_ex5-2.htm (EX-5.2) — 30KB
- tm2418603d5_ex5-1img001.jpg (GRAPHIC) — 7KB
- 0001104659-24-090832.txt ( ) — 497KB
- orly-20240819.xsd (EX-101.SCH) — 3KB
- orly-20240819_lab.xml (EX-101.LAB) — 33KB
- orly-20240819_pre.xml (EX-101.PRE) — 22KB
- tm2418603d5_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On August 19, 2024 (the "Closing Date"), O'Reilly Automotive, Inc. (the "Company") issued and sold $500,000,000 aggregate principal amount of the Company's 5.000% Senior Notes due 2034 (the "Notes"). The terms of the Notes are governed by an Indenture, dated as of May 20, 2019 (the "Base Indenture"), by and between the Company and U.S. Bank Trust Company, National Association (f/k/a U.S. Bank National Association) (the "Trustee"), as supplemented by the Sixth Supplemental Indenture, dated as of the Closing Date (the "Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), by and between the Company and the Trustee. The Notes mature on August 19, 2034 and bear interest at a rate of 5.000% per year. Interest on the Notes is payable on February 19 and August 19 of each year, beginning on February 19, 2025. The Notes are the Company's general unsecured senior obligations and are equal in right of payment with all of the Company's other existing and future unsecured and unsubordinated indebtedness, including the Company's credit facility and the Company's 3.550% Senior Notes due 2026, the Company's 5.750% Senior Notes due 2026, the Company's 3.600% Senior Notes due 2027, the Company's 4.350% Senior Notes due 2028, the Company's 3.900% Senior Notes due 2029, the Company's 4.200% Senior Notes due 2030, the Company's 1.750% Senior Notes due 2031 and the Company's 4.700% Senior Notes due 2032 (such series of notes, collectively, the "Existing Notes"). The Notes are effectively junior to the Company's future secured indebtedness, if any, to the extent of the value of the collateral securing such indebtedness. The Notes are not initially guaranteed by any of the Company's subsidiaries. However, if in the future, any of the Company's subsidiaries incurs or guarantees obligations under the Company's credit facility or certain other credit facility debt or capital markets debt of the Company or a
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 4.1 Sixth Supplemental Indenture, dated as of August 19, 2024, by and between the Company and the Trustee 4.2 Form of Note (included in Exhibit 4.1) 5.1 Opinion of Shook, Hardy & Bacon L.L.P. 5.2 Opinion of Skadden, Arps, Slate, Meagher & Flom LLP 23.1 Consent of Shook, Hardy & Bacon L.L.P. (included in Exhibit 5.1) 23.2 Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.2) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date:August 19, 2024 O'Reilly Automotive, Inc. By: /s/ Jeremy Fletcher Jeremy Fletcher Executive Vice President and Chief Financial Officer (principal financial and accounting officer)