Group 1 Automotive closes USD 1.25 billion senior notes offering

Bitget2026/09/22 20:20

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Group 1 Automotive closed a USD 1.25 billion private placement of senior unsecured notes.
Issuance split between USD 625 million 6.25% senior unsecured notes due 2032, USD 625 million 6.625% senior unsecured notes due 2035.
Net proceeds earmarked for the Hennessy dealership assets acquisition, including related fees and expenses.
Until the acquisition closes, proceeds will repay revolving credit facility borrowings tied to the acquisition line.
If the acquisition does not close by Jan. 6, 2027, notes face special mandatory redemption at 100% of issue price.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Group 1 Automotive Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609221620PR_NEWS_USPR_____DA53537) on September 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Group 1 Automotive closes USD 1.25 billion senior notes offering

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