O'Reilly Automotive entered into an underwriting agreement on August 10, 2026, to issue $700 million of 4.800% Senior Notes due 2029, $500 million of 5.050% Senior Notes due 2031, and $400 million of 5.550% Senior Notes due 2037. The offering is expected to generate approximately $1.59 billion in net proceeds after deducting underwriting discounts and expenses. The company intends to use these funds to repay amounts outstanding under its commercial paper program, with any remaining proceeds allocated for general corporate purposes, including share repurchases or acquisitions. O'Reilly Automotive operates as a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories.
