Summary of Group 1 Automotive Master Credit Agreement
- Loan Amount: Up to $190.3 million (85% of appraised value of pledged properties).
- Lender: Bank of America.
- Interest Rate: Term SOFR + 145 basis points.
- Loan Type: Secured term loan.
- Reborrowing: Not permitted on repaid principal.
- Secured By: Mortgages on designated properties and related assets.
- Guarantee: Provided by the company and certain subsidiaries.
- Maturity Date: September 23, 2033.
Agreement Details
- Type: Secured term loan credit agreement.
- Effective Date: September 23, 2026.
- Duration: 7 years, maturing on September 23, 2033.
- Purpose: Long-term real estate financing and liquidity for operations and growth.
For full details, refer to the original SEC filing.
Disclaimer
This summary is AI-generated and may contain inaccuracies. Verify important information with the original source.
