Group 1 Automotive announced the pricing of a $1,250 million private placement of senior unsecured notes on September 8, 2026. The offering consists of $625 million in 6.250% Senior Notes due 2032 and $625 million in 6.625% Senior Notes due 2035, expected to close on September 22, 2026. Net proceeds are approximately $1,236 million after discounts and expenses. The company intends to use the funds to finance its acquisition of dealership assets from Hennessy Automobile Companies and pay related fees. Pending closing, proceeds will temporarily repay borrowings under its revolving credit facility. If the Hennessy Acquisition does not close by January 6, 2027, the company must redeem the 2032 Notes at par plus accrued interest. Group 1 Automotive operates as a Fortune 250 retailer of new and used vehicles through 249 dealerships in the U.S. and U.K.

On September 8, 2026, Group 1 Automotive announced its intention to offer $1,250.0 million in aggregate principal amount of senior unsecured notes, consisting of $625.0 million due 2032 and $625.0 million due 2035. The company intends to use the net proceeds, combined with cash on hand, to fund the purchase price for its pending acquisition of dealership assets and related real estate from Hennessy Automobile Companies. If the acquisition does not close by January 6, 2027, or is terminated, the company must redeem the notes at 100% of the issue price plus accrued interest. The offering targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. Group 1 Automotive operates as a Fortune 250 automotive retailer with 249 dealerships in the U.S. and U.K., selling new and used vehicles, arranging financing, and providing maintenance services.

Group 1 Automotive appointed David C. Kimbell to its Board of Directors and Audit Committee, expanding the board from nine to ten members effective August 10, 2026. The company also declared a quarterly cash dividend of $0.55 per share, payable on September 15, 2026, to stockholders of record as of September 1, 2026. This dividend reflects the company's previously announced 10% increase in its annualized dividend rate from $2.00 per share in 2025 to $2.20 per share in 2026. Group 1 Automotive owns and operates automotive dealerships, franchises, and collision centers in the United States and the United Kingdom.

Group 1 Automotive announced the signing of a definitive agreement to acquire substantially all assets of Hennessy Automobile Companies, including ten dealerships and one collision center in the Atlanta market, for approximately $1.3 billion plus inventory adjustments. The transaction is expected to generate roughly $1.7 billion in annualized revenues and be immediately accretive to earnings per share upon closing, which is targeted by year-end 2026 pending regulatory and manufacturer approvals. Concurrently, Group 1 reported second quarter 2026 financial results showing total revenues of $5.4 billion and diluted earnings per share from continuing operations of $8.62. The company also secured a $1.25 billion senior unsecured bridge facility commitment from JPMorgan Chase to finance the acquisition. Group 1 Automotive operates automotive dealerships in the United States and the United Kingdom.

Group 1 Automotive, Inc. announced it will release its second quarter 2026 financial results on July 30, 2026, before the market opens. CEO Daryl Kenningham and senior management will host a conference call at 10:00 a.m. ET on the same day to discuss the results. The company operates an automotive retail business with 252 dealerships in the United States and the United Kingdom.