Group 1 Automotive Expands Revolving Credit Facility to $3.5 Billion with Extended Maturity to 2030

Reuters

31 May

Group 1 Automotive Expands Revolving Credit Facility to $3.5 Billion with Extended Maturity to 2030

Group 1 Automotive Inc., a prominent Fortune 250 automotive retailer, has announced a significant amendment to its existing corporate financing agreement. The company has upsized its revolving syndicated credit facility by $1.0 billion, bringing the total to $3.5 billion. The maturity of the facility has been extended to May 30, 2030, with the option to expand it further to $4.5 billion, pending lender approval. This facility is supported by 18 lending parties, including six manufacturer-affiliated finance companies and 12 commercial banks, with key players such as BMW Financial Services, Toyota Motor Credit, and Bank of America involved. This move, according to Group 1's Senior Vice President and CFO Daniel McHenry, enhances the company's financial flexibility and access to capital, reflecting strong lender relationships.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Group 1 Automotive Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DA99412) on May 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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While PUBT strives to provide accurate and timely informatio","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Group 1 Automotive将循环信贷额度扩大至35亿美元，期限延长至2030年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAC":0.9,"GPI":0.9},"content_text":"Group 1 Automotive Expands Revolving Credit Facility to $3.5 Billion with Extended Maturity to 2030\n    \n\n        Group 1 Automotive Inc., a prominent Fortune 250 automotive retailer, has announced a significant amendment to its existing corporate financing agreement. The company has upsized its revolving syndicated credit facility by $1.0 billion, bringing the total to $3.5 billion. The maturity of the facility has been extended to May 30, 2030, with the option to expand it further to $4.5 billion, pending lender approval. 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