Group 1 Automotive Announces $1.25 Billion Private Placement of Senior Unsecured Notes
HOUSTON, Sept. 8, 2026 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 250 automotive retailer with 249 dealerships in the U.S. and U.K., has announced the pricing of a private placement totaling $625 million for its 6.250% senior unsecured notes due 2032, and another $625 million for its 6.625% senior unsecured notes due 2035. The offering is anticipated to close on September 22, 2026, subject to standard closing conditions.
The proceeds will primarily fund the acquisition of dealership assets and related real estate from Hennessy Automobile Companies, Inc. The company plans to use the net proceeds, alongside cash on hand, for the Hennessy Acquisition and associated expenses. Until the acquisition is finalized, the funds will be directed to repay outstanding borrowings under its revolving credit facility.
Important Redemption Terms:
If the Hennessy Acquisition is not completed by January 6, 2027, or if certain events lead to the termination of the purchase agreement, all 2032 Notes will need to be redeemed at 100% of the initial issue price plus any incurred interest.
The notes are not registered under the Securities Act and may only be sold for qualified institutional buyers or non-U.S. entities in accordance with exemptions. This announcement does not constitute an offer for the purchase of securities.
About Group 1 Automotive, Inc.
Group 1 owns and operates 249 dealerships and 32 collision centers, primarily selling new and used vehicles, arranging financing, and providing maintenance services.
Forward-Looking Statements
This press release contains forward-looking statements about expected future performance, including the offering and acquisition plans. Various risks could impact future results, including economic conditions and regulatory changes. For detailed factors, please refer to the company’s filings with the SEC.
Investor Contact:
David Helderman
Senior Manager, Investor Relations
Group 1 Automotive, Inc.
Email
Media Contacts:
Pete DeLongchamps
Senior Vice President
Email
Kimberly Barta
Head of Advertising
Email
SOURCE: Group 1 Automotive, Inc.
