Group 1 Automotive plans USD 1.25 billion senior unsecured notes offering
GPI•Notes offering and maturities
Group 1 Automotive launched a USD 1.25 billion offering of senior unsecured notes.
- USD 625 million due 2032
- USD 625 million due 2035
Use of proceeds and redemption terms
Proceeds are earmarked for the Hennessy dealership assets acquisition, related real estate, and fees.
Pending deal close, funds will be used to repay borrowings under the revolving credit facility acquisition line.
The notes are subject to a special mandatory redemption if the acquisition does not close by Jan. 6, 2027.
Related News
Tamboran starts first gas sales from Beetaloo Basin Shenandoah South pilot project
TBN•
Axcelis plans $35 million Korea manufacturing investment with new Pyeongtaek facility
ACLS•
