{"schema_version":"secwatch.filing_event.v1","accession":"0001023128-22-000080","form_type":"8-K","ticker":"LAD","cik":"0001023128","company_name":"LITHIA MOTORS INC","filed_at":"2022-06-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:59.365458+00:00","generated_at":"2026-06-25T03:24:53.335329+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Lithia Motors amends credit facility to $3.75B, adopts SOFR; signs $1.125B CAD Canadian credit agreement","bullets":["Second Amendment to $3.75B credit facility; expansion option to $4.5B; replaces LIBOR with SOFR.","Reallocated commitments: up to $1B used vehicle floorplan, $1B revolving, $1.7B new vehicle floorplan, $50M service loaner.","Real property borrowing base cap increased to $1B; aggregate revolving loan commitment limited to 40% of total.","Canadian Credit Agreement: $1.125B CAD from BNS-led syndicate; includes revolving, wholesale flooring, used vehicle, wholesale leasing, daily rental facilities.","Canadian credit matures June 3, 2025; financial covenants: fixed charge coverage >=1.20x, leverage <=5.75x."],"urls":{"canonical":"https://secwatch.observer/filing/0001023128-22-000080","json":"https://secwatch.observer/filing/0001023128-22-000080.json","markdown":"https://secwatch.observer/filing/0001023128-22-000080.md","text":"https://secwatch.observer/filing/0001023128-22-000080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023128/000102312822000080/0001023128-22-000080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023128/000102312822000080/lad-20220602.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T03:24:53.335329+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"}