Summary
O'Reilly Automotive, Inc. (ORLY) filed an 8-K on January 6, 2009, primarily to report a material definitive agreement: the Fourth Supplemental Indenture related to its 6¾% Exchangeable Senior Notes due 2025. These notes were originally issued by CSK Auto Corporation, which O'Reilly acquired. The supplemental indenture, effective as of July 11, 2008, serves to correct the definition of the Exchange Rate for these notes. This filing indicates a necessary administrative correction concerning the terms of O'Reilly's debt obligations stemming from the CSK acquisition. While not indicative of new financial performance or strategic shifts, investors should note this as an update to existing debt covenants. The company's Chief Financial Officer, Thomas McFall, signed the filing, underscoring the importance of debt management and compliance for the organization.
Key Highlights
- 1O'Reilly Automotive, Inc. entered into a Fourth Supplemental Indenture on December 31, 2008.
- 2The indenture concerns the 6¾% Exchangeable Senior Notes due 2025, originally issued by CSK Auto Corporation.
- 3The primary purpose of the supplemental indenture is to correct the definition of the 'Exchange Rate' for these notes.
- 4The supplemental indenture is effective retroactively to July 11, 2008.
- 5This filing is categorized under Item 1.01 (Entry into a Material Definitive Agreement) and Item 9.01 (Financial Statements and Exhibits).
- 6The relevant exhibit filed is the Fourth Supplemental Indenture itself.