Group 1 Automotive unit signs $190.34 million term loan credit agreement with Bank of America

Bitget2026/09/24 10:03

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Group 1 Realty, a unit of Group 1 Automotive, entered a master credit agreement with Bank of America, effective Sept. 23, 2026.
Term loan provides up to USD 190.34 million, set at 85% of appraised value of mortgaged properties.
Borrowings accrue interest at Term SOFR plus 145 basis points.
Facility is secured by mortgages on the properties; Group 1 Automotive provides a guarantee.
Loan matures Sept. 23, 2033; repaid principal cannot be reborrowed.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-400088), on September 24, 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 unit signs $190.34 million term loan credit agreement with Bank of America

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