Autosports Group (ASX:ASG) signed a new syndicated facility agreement with the Commonwealth Bank of Australia (ASX:CBA), Westpac Banking (ASX:WBC, NZE:WBC), BMW Australia Finance, and Mercedes-Benz Financial Services Australia for new debt facilities worth AU$350 million, according to a Tuesday filing with the Australian bourse.

Two revolving credit facilities amounting to AU$250 million and one worth AU$100 million will be made available to the company under the agreement, the filing said.

The first two facilities are set to mature in three years, while the third facility will mature in five years, per the filing.