O'Reilly Automotive Inc. (Nasdaq:ORLY) announced that it plans to offer $300 million aggregate principal amount of its Senior Notes due 2021 (the "Notes"). The Company intends to use the net proceeds of the offering for general corporate purposes, including share repurchases, to repay borrowings outstanding from time to time under its credit facility and to pay related fees and expenses.

O'Reilly Automotive, Inc. is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Founded in 1957 by the O'Reilly family, the Company operated 3,657 stores in 39 states as of June 30, 2011.

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