Group 1 Automotive, Inc. Announces Maturity Extension and Upsize of Revolving Credit Facility to $3.5 Billion

Published: 2025-05-30 13:50:26 ET GPI

Published on 05/30/2025 at 13:50

Group 1 Automotive, Inc. announced a $1.0 billion upsize in its revolving syndicated credit facility to $3.5 billion and the extension of the maturity to May 30, 2030. The syndicated credit facility can be expanded to $4.5 billion total availability, subject to lender approval. The 18 lending parties in the syndicated facility include six manufacturer-affiliated finance companies and 12 commercial banks.

The six manufacturer-affiliated finance companies are: BMW Financial Services N.A., LLC; Toyota Motor Credit Corporation; Mercedes-Benz Financial Services USA LLC; American Honda Finance Corporation; VW Credit, Inc.; and Hyundai Capital America. The 12 commercial banks are: U.S. Bank National Association; Bank of America, N.A.; JPMorgan Chase Bank, N.A.; PNC Bank, National Association; Wells Fargo Bank, N.A.; Truist Bank; Ally Bank; Santander Bank, N.A.; Manufacturers and Traders Trust Company; Barclays Bank PLC; Flagstar Bank, N.A.; and Zions Bancorporation, N.A. (dba Amegy Bank). The syndication was arranged through U.S. Bank National Association, Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A. and PNC Bank, National Association.