Lithia Motors increases credit facility from $6.0B to $6.5B, with option to expand to $7.0B

LITHIA MOTORS INC

Total commitment increased to $6.5B from $6.0B; may be further expanded to $7.0B subject to lender approval.
Initial allocations: $3B new vehicle floorplan, $900M used vehicle floorplan, $2.5B revolver, $100M service loaner floorplan.
Revolver limit raised to 50% of aggregate commitment; eligible real estate limit increased to 32.5% of aggregate commitment.
Financing operations interest expense removed from fixed charge coverage ratio calculation.
TD Bank exited as lender; U.S. Bank remains administrative agent.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LITHIA MOTORS INC amended credit facility of increases the total financing commitment from $6.0 billion to $6.5 billion with U.S. Bank National Association.

Instrument: credit facility
Principal: increases the total financing commitment from $6.0 billion to $6.5 billion
Counterparty: U.S. Bank National Association
Event: amendment

Exact text from the filing

agent for the lenders, and each of the lenders party to the Loan Agreement, as lenders. Among other changes, the Sixth Amendment: • Increases the total financing commitment from $6.0 billion to $6.5 billion, which may be further expanded to up to a total of $7.0 billion, subject to Lender approval and the satisfaction of other conditions, with initial allocations as

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Source: SEC EDGAR

accession 0001023128-25-000107

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