secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001023128-24-000036
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lithia Motors upsizes credit facility to $6.0B, extends maturity to 2029
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- Total financing commitment increased from $4.69B to $6.0B, expandable to $6.5B with lender approval.
- Credit facility expiration extended to February 23, 2029; includes annual 1-year extension options.
- Fifth Amendment also provides for payoff of Wells Fargo Credit Agreement and release of related liens.
- New lenders join and existing lenders increase commitments; exiting lenders paid in full.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000036/0001023128-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000036/lad-20240223.htm
  HTML page:      https://secwatch.observer/filing/0001023128-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer