Lithia Motors amends credit facility, extends maturity to 2031, adjusts commitments to $6.5B

LITHIA MOTORS INC

Maturity of $6.5B credit facility extended to February 27, 2031, with annual extension options.
Reallocated commitments: New Vehicle Floorplan $2.7B, Used Vehicle $1.25B, Service Loaner $150M, Revolving $2.4B.
Removed Simple SOFR Adjustment; Used Vehicle Floorplan margin set at 1.20%.
Exiting lenders Truist Bank and Nissan Motor Acceptance Company paid off and released.
Facility moves to VIN-specific reporting for used vehicle and service loaner floorplans when elected.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LITHIA MOTORS INC amended Seventh Amendment with U.S. Bank National Association (effective 2026-02-27).

Action: amendment
Agreement: credit facility
Counterparty: U.S. Bank National Association
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026, Lithia Motors, Inc. (the “Company”) entered into a Seventh Amendment (the “Seventh Amendment”) to its Fourth Amended and Restated Loan Agreement, dated as of April 29, 2021 (including all amendments, the “Loan Agreement”) with U.S. Bank National Association as administrative agent and agent for the lenders, and each of the lenders party to the Loan Agreement, as lenders.

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Source: SEC EDGAR

accession 0001023128-26-000020

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