Group 1 automotive upsizes revolving credit facility to $2.5 billion

Houston , april 30, 2024 /prnewswire/ -- group 1 automotive, inc. (nyse: gpi) ("group 1" or the "company"), a fortune 300 automotive retailer with 203 dealerships located in the u.s. and u.k., today announced that it has completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions, which will expire in march 2027 and can be expanded to $3.0 billion total availability. lenders in the syndicated facility include six manufacturer-affiliated finance companies and 14 commercial banks.
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