Springfield, MO, July 1, 2010 – O’Reilly Automotive, Inc. (“O’Reilly” or “the Company”) (Nasdaq: ORLY) announced today that the 6 ¾ % Exchangeable Senior Notes due 2025 (the “notes”), which were originally issued by CSK Auto Corporation (“CSK”), are now exchangeable at the option of the holders and will remain exchangeable through September 30, 2010, the last trading day of the current fiscal quarter, as provided for in the Indenture governing the notes. In connection with its acquisition of CSK, O’Reilly agreed to guarantee the notes, on a subordinated basis, and to issue shares of O’Reilly common stock, if any, upon any exchange of the principal amount of the notes.
