O REILLY AUTOMOTIVE INC (ORLY) Form 424B5 — Aug 10, 2026
O'Reilly Automotive filed a preliminary prospectus supplement on August 10, 2026 for an offering of senior unsecured notes in three tranches off its automatic shelf registration (No. 333-286320). The filing is subject to completion, with principal amounts, coupon rates, and maturity dates left blank pending pricing; J.P. Morgan Securities, Truist Securities, and Wells Fargo Securities are acting as joint book-running managers.
Key figures
- Number Of Tranches
- 3
- General Liens Basket
- greater of $500 million and 15% of Consolidated Net Tangible Assets
- Minimum Denominations
- $2,000 plus $1,000 multiples
- Change Of Control Put Price
- 101% of principal plus accrued interest
- Credit Facility Available
- $2.25 billion (no balance outstanding as of August 7, 2026)
- Existing Notes Outstanding
- $5.7 billion
- Commercial Paper Outstanding
- $1.65 billion (as of August 7, 2026)
- Commercial Paper Program Size
- $2.25 billion
- Cross Acceleration Threshold
- $25.0 million while existing notes outstanding / $100.0 million thereafter
- Commercial Paper Max Maturity Days
- 397
- Commercial Paper Weighted Avg Rate
- 3.994%
Price after filing
1 day: +0.4%7 days: -2.2%30 days: -6.9%
Close on the filing date to close N calendar days later (from $92.23). Historical, not a forecast.
AI analysis
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