O'Reilly Automotive signs $2.25 billion revolving credit facility maturing 2030
On March 31, 2025, O'Reilly Automotive entered into an amended and restated credit agreement that provides a five-year, $2.25 billion unsecured revolving credit facility maturing in March 2030. The same day, the company raised the cap on its commercial paper program from $1.8 billion to $2.25 billion, which gives it more room to borrow short-term funding.
Key points
- Five-year, $2.25 billion unsecured revolving credit facility, scheduled to mature in March 2030
- Facility can be increased by up to $900 million, to a maximum of $3.15 billion in aggregate commitments
- Commercial paper program increased to $2.25 billion from $1.8 billion
- Covenants include a minimum fixed charge coverage ratio of 2.50:1.00 and a maximum leverage ratio of 3.50:1.00
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.