Group 1 Automotive, Inc. Announces Closing of $1.25 Billion Private Placement
Houston, September 22, 2026 /PRNewswire/
Group 1 Automotive, Inc. (NYSE: GPI), a leading automotive retailer with 249 dealerships in the U.S. and U.K., has successfully closed its private placement offering of $625 million in senior unsecured notes. The offering includes two series of notes: 6.250% due 2032 and 6.625% due 2035.
Purpose of Proceeds
The proceeds will partially fund the company’s acquisition of dealership assets from Hennessy Automobile Companies, Inc. Group 1 aims to utilize the net proceeds alongside cash on hand for this purchase and related fees. In the interim, funds will help repay outstanding borrowings under its revolving credit facility.
Daniel McHenry, CFO and CEO of UK Operations, stated: “We’re pleased to have closed this offering, providing us with long-dated capital for the Hennessy Acquisition on attractive terms. I appreciate the confidence shown by our investors and our organizational teams who facilitated this transaction.”
Redemption Clauses
If the Hennessy Acquisition is not completed by the specified Outside Date or in case of termination events related to the agreement, the Company will redeem all outstanding 2032 Notes at 100% of the issue price, plus accrued interest. Remaining proceeds will be used for general corporate purposes.
Regulatory Compliance
These Notes are unregistered under the Securities Act of 1933 and will only be offered under specific exemptions. Investors are cautioned that this announcement does not constitute an offer to sell or solicit an offer to buy the Notes.
About Group 1 Automotive, Inc.
Group 1 operates 249 dealerships and 310 franchises, providing sales and services for 37 automobile brands.
Forward-Looking Statements
This release contains forward-looking statements under the Private Securities Litigation Reform Act. Readers are encouraged to review risk factors that could affect future results in SEC filings.
Investor Contacts:
- David Helderman
Senior Manager, Investor Relations
Email
Media Contacts:
-
Pete DeLongchamps
Senior VP, Manufacturer Relations
Email -
Kimberly Barta
Head of Advertising, Brand and Communications
Email
For further details, visit the Group 1 Automotive website.
SOURCE: Group 1 Automotive, Inc.
