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Group 1 Automotive prices USD 1.25 billion senior notes offering - GPI News | Rallies

Group 1 Automotive prices USD 1.25 billion senior notes offering

GPI•2026-09-10

Group 1 Automotive prices senior notes offering

Group 1 Automotive priced a USD 1.25 billion private offering of senior unsecured notes.
Issuance includes USD 625 million of 6.25% senior unsecured notes due 2032.
Deal also includes USD 625 million of 6.625% senior unsecured notes due 2035.
Proceeds earmarked for the Hennessy dealership asset and real estate acquisition, with interim repayment of revolving credit facility borrowings.
Closing targeted for Sept. 22, 2026; special mandatory redemption if the acquisition is not completed by Jan. 6, 2027.

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