{"schema_version":"secwatch.filing_event.v1","accession":"0001023128-21-000107","form_type":"8-K","ticker":"LAD","cik":"0001023128","company_name":"LITHIA MOTORS INC","filed_at":"2021-09-03T23:59:59+00:00","discovered_at":"2026-05-14T18:04:16.888607+00:00","generated_at":"2026-06-29T05:43:10.560859+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lithia Motors secures up to $700M CAD in credit facilities for Canada expansion with Pfaff","bullets":["Three credit facilities: $50M CAD working capital revolver, $300M CAD floor plan, $350M CAD wholesale lease financing.","Facilities support Lithia's entry into Canada via partnership with Toronto-based Pfaff Automotive Partners.","Interest rates: Prime or CDOR plus spreads ranging from 0.25% to 1.50% per annum.","Covenants require fixed charge coverage ≥1.20:1 and leverage ≤5.75:1; secured by personal property of Canadian borrowers.","Bank of Nova Scotia is lender; facilities repayable on demand with standard default provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001023128-21-000107","json":"https://secwatch.observer/filing/0001023128-21-000107.json","markdown":"https://secwatch.observer/filing/0001023128-21-000107.md","text":"https://secwatch.observer/filing/0001023128-21-000107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023128/000102312821000107/0001023128-21-000107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023128/000102312821000107/lad-20210830.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T05:43:10.560859+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}