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Stock impact report

Group 1 Automotive Upsizes Revolving Credit Facility to $2.5 Billion

Group 1 Automotive, Inc. (GPI) 
Last group 1 automotive, inc. earnings: 2/5 07:07 am Check Earnings Report
US:NYSE Investor Relations: group1corp.com
Company Research Source: PR Newswire
HOUSTON, April 30, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced that it has completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions, which will expire in March 2027 and can be expanded to $3.0 billion total availability.Lenders in the syndicated facility include six manufacturer-affiliated finance companies and 14 commercial banks.  The six manufacturer-affiliated finance companies are: Mercedes-Benz Financial Services USA LLC; Toyota Motor Credit Corporation; BMW Financial Services NA, LLC; American Honda Finance Corporation; VW Credit, Inc.; and Hyundai Capital America, Inc.  The 14 commercial banks are: U.S. Bank National Association; Bank of America, N.A.; JPMorgan Chase Bank, N.A.; Wells Fargo Bank, National Association; PNC Bank, National Association; Comerica Bank; Truis Show less Read more
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