Financing ·
Group 1 Realty, a subsidiary of Group 1 Automotive, entered into a master credit agreement with Bank of America on…
GPIGroup 1 Automotive Inc
Group 1 Realty, a subsidiary of Group 1 Automotive, entered into a master credit agreement with Bank of America on September 23, 2026, securing a term loan with a maximum principal amount of $190,336,250. This facility represents 85% of the appraised value of mortgaged properties and bears interest at Term SOFR plus 145 basis points. The loan is secured by mortgages on these properties and guaranteed by Group 1 Automotive and its subsidiaries. It matures on September 23, 2033, with no reborrowing permitted upon repayment. Group 1 Automotive operates in the automotive retail industry, selling new and used vehicles through a network of dealerships.