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

GPI•2026-09-24

Group 1 Realty entered a term loan credit agreement with Bank of America for up to $190.34 million, effective Sept. 23, 2026.

1. Loan terms

The facility is set at 85% of the appraised value of mortgaged properties, with interest at Term SOFR plus 145 basis points. It is secured by mortgages on the properties, guaranteed by Group 1 Automotive, matures Sept. 23, 2033, and does not allow repaid principal to be reborrowed.

Sources

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

Sec

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

1. Loan terms

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

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