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S-3ASR Filing
O'Reilly Automotive (ORLY) S-3ASRAutomatic shelf registration
Filed: 29 Feb 16, 12:00am
Exhibit 5.2
February 29, 2016
| Shook, Hardy & Bacon L.L.P. |
O’Reilly Automotive, Inc. | 2555 Grand Blvd. |
233 South Patterson | Kansas City, Missouri 64108 |
Springfield, MO 65802 | t 816.474.6550 |
| f 816.421.5547 |
Re: O’Reilly Automotive, Inc.
Registration Statement on Form S-3
Ladies and Gentlemen:
We have been retained as special Missouri counsel for O’Reilly Automotive, Inc., a Missouri corporation (“O’Reilly”), and those corporations and limited liability companies that are subsidiaries of O’Reilly and listed on Schedule 1 attached hereto (the “Missouri Guarantors”), in connection with the preparation of the Registration Statement on Form S-3 (as amended or supplemented, the “Registration Statement”) to be filed on the date hereof with the Securities and Exchange Commission (the “Commission”), under the Securities Act of 1933, as amended (the “Securities Act”), by O’Reilly and certain of its subsidiaries listed in the Registration Statement, including the Missouri Guarantors (collectively, the “Guarantors”). The Registration Statement relates to the offering from time to time by O’Reilly of one or more series of debt securities of O’Reilly (the “Debt Securities”). The offering of the Debt Securities will be made as set forth in the prospectus contained in the Registration Statement (the “Base Prospectus”), as that Base Prospectus is supplemented by any related prospectus supplement or free writing prospectus with respect to the Debt Securities and the Guarantees (as defined below). In conjunction with the issuance of the Debt Securities, the Guarantors may from time to time issue guarantees with respect to the Debt Securities (the “Guarantees”). The Debt Securities and the Guarantees will be issued pursuant to an indenture, proposed to be entered into by and among O’Reilly, the Guarantors and UMB Bank, N.A., the form of which is filed as an exhibit to the Registration Statement (as may be further supplemented from time to time, the “Indenture”).
In connection with the filing of the Registration Statement, we have reviewed a copy of the Indenture. We have reviewed the good standing certificates with respect to O’Reilly and each of the Missouri Guarantors issued by the Secretary of State of Missouri dated February 23, 2016. We have also reviewed the organizational documents of O’Reilly and the Missouri Guarantors. We have also examined copies of resolutions certified by the Secretaries of O’Reilly and each of the Missouri Guarantors and adopted by the boards of
CHICAGO | DENVER | HOUSTON | KANSAS CITY | LONDON | MIAMI | ORANGE COUNTY | PHILADELPHIA | SAN FRANCISCO | SEATTLE | TAMPA | WASHINGTON, D.C
February 29, 2016
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directors or sole member, as applicable, of each of O’Reilly and the Missouri Guarantors as of February 26, 2016.
We have assumed for purposes of this opinion that: (i) all certifications of public officials and officers of O’Reilly and the Missouri Guarantors concerning factual matters are accurate and complete; (ii) all signatures are genuine, the documents submitted to us as originals are authentic and the documents submitted to us as copies conform to the originals; and (iii) the Indenture will be duly authorized, executed and delivered by the Trustee in substantially the form reviewed by us, and that any Debt Securities that may be issued will be manually authenticated, signed or countersigned, as the case may be, by duly authorized officers of the Trustee.
As to facts material to this opinion, we have, with your permission, relied upon certificates and oral and written statements of officers of O’Reilly and the Missouri Guarantors. Except to the extent expressly set forth herein, we have not undertaken any independent investigation to determine the existence or absence of any fact. We are not generally familiar with the business or operations of O’Reilly and the Missouri Guarantors and no inference as to our knowledge of the existence or absence of any fact should be drawn from our representation of O’Reilly or the Missouri Guarantors or the rendering of the opinions set forth below.
As used herein, “Transaction Agreements” means the Indenture and the supplemental indentures, including the Guarantees set forth therein and officer’s certificates thereto.
Based on the foregoing and in reliance thereon and on the assumptions and subject to the qualifications and limitations set forth in this opinion, we are of the opinion that:
1. Based solely on the good standing certificates issued by the Missouri Secretary of State and dated February 23, 2016, the Company and each Missouri Guarantor is duly incorporated or formed, as applicable, and is validly existing and in good standing under The General Business Corporation Law of Missouri or the Missouri Limited Liability Company Act, as the case may be;
2. The Company and each Missouri Guarantor (other than Ozark Purchasing, LLC, a Missouri limited liability company (“Purchasing” and, together with O’Reilly Auto Enterprises, LLC, a Delaware limited liability
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company (the “Delaware LLC Guarantor”), the “LLC Guarantors”)) (each such Missouri Guarantor, a “Missouri Corporate Guarantor”) has the corporate power and authority to execute, deliver and perform all its obligations under each of the Transaction Agreements to which the Company or such Missouri Corporate Guarantor is a party; Purchasing has the limited liability company power and authority to consummate the issuance of the Guarantee of Purchasing contemplated by each of the Transaction Agreements to which Purchasing is a party; and Services has the corporate power and authority to authorize, execute and deliver, in its capacity as Sole Member of each LLC Guarantor, each of the Transaction Agreements to which such LLC Guarantor is a party, on behalf of such LLC Guarantor, and to authorize such LLC Guarantor’s consummation of the issuance of the Guarantee of such LLC Guarantor contemplated thereby.
3. Each of the Transaction Agreements to which the Company or any Missouri Corporate Guarantor is a party has been duly authorized, executed and delivered by all requisite corporate action on the part of the Company or such Missouri Corporate Guarantor; and the authorization, execution and delivery by Services, in its capacity as Sole Member of each LLC Guarantor, of each of the Transaction Agreements to which such LLC Guarantor is a party, on behalf of such LLC Guarantor, have been duly authorized by all requisite corporate action on the part of Services.
Our opinions are based on the assumptions (upon which we have relied with your consent) and subject to the qualifications and limitations set forth in this letter, including the following:
A. We are expressing no opinion with respect to any document other than the Transaction Agreements (and any Guarantee set forth in the Indenture) executed by the Missouri Guarantors and are expressing no opinion as to the validity or enforceability of any document. We are expressing no opinion with respect to any other Guarantor under the Indenture, except for the Missouri Guarantors.
B. We express no opinion with respect to the accuracy, completeness or sufficiency of any information contained in any filings with the Commission or any state securities regulatory agency, including the Registration Statement.
C. This opinion is limited to the matters specifically stated in this letter, and no further opinion is to be implied or may be inferred beyond the
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opinions specifically stated herein. In addition to the assumptions previously stated, this opinion is based solely on the state of the law as of the date of this opinion and factual matters in existence as of such date, and we specifically disclaim any obligation to monitor or update any of the matters stated in this opinion or to advise the persons entitled to rely on this opinion of any change in law or fact after the date of this opinion which might affect any of the opinions stated herein. We are qualified to practice law in the State of Missouri, and we do not purport to be experts on, or to express any opinion herein concerning, any matter governed by the laws of any jurisdiction other the laws of the State of Missouri.
This opinion is furnished to you for your benefit in connection with the filing of the Registration Statement.
We also hereby consent to the filing of this opinion with the Commission as Exhibit 5.2 to the Registration Statement pursuant to Item 16 of Form S-3 and Item 601(b)(5) of Regulation S-K promulgated under the Securities Act. We also consent to the reference to our firm under the heading “Legal Matters” in the Registration Statement solely with respect to the laws of the State of Missouri as they apply to O’Reilly and the Missouri Guarantors. In giving this consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission. No expansion of our opinions may be made by implication or otherwise. We express no opinion other than the opinions set forth herein.
| Very truly yours, |
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| /s/ Shook, Hardy & Bacon L.L.P. |
CHICAGO | DENVER | HOUSTON | KANSAS CITY | LONDON | MIAMI | ORANGE COUNTY | PHILADELPHIA | SAN FRANCISCO | SEATTLE | TAMPA | WASHINGTON, D.C.
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Schedule 1
Missouri Guarantors
O’Reilly Automotive Stores, Inc.
Ozark Automotive Distributors, Inc.
Greene County Realty Co.
O’Reilly II Aviation Corporation
Ozark Services, Inc.
Ozark Purchasing, LLC
CHICAGO | DENVER | HOUSTON | KANSAS CITY | LONDON | MIAMI | ORANGE COUNTY | PHILADELPHIA | SAN FRANCISCO | SEATTLE | TAMPA | WASHINGTON, D.C.