{"schema_version":"secwatch.filing_event.v1","accession":"0001031203-23-000045","form_type":"8-K","ticker":"GPI","cik":"0001031203","company_name":"GROUP 1 AUTOMOTIVE INC","filed_at":"2023-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.948179+00:00","generated_at":"2026-06-07T14:35:44.580369+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Group 1 Automotive enters $84.5M GM floorplan facility with GM Financial at prime minus 100 bps","bullets":["Subsidiaries GPI TX-G, GPI TX-GII, GPI TX-GIII entered floorplan facility with GM Financial on Dec 8, 2023.","Aggregate maximum $84.5M; interest at prime rate minus 100 basis points.","Facility secured by new vehicle inventory; guaranteed by Group 1 on unsecured basis.","Covenants restrict asset sales, additional debt, liens, investments, mergers; standard default provisions.","Facility is discretionary; lender may refuse advances."],"urls":{"canonical":"https://secwatch.observer/filing/0001031203-23-000045","json":"https://secwatch.observer/filing/0001031203-23-000045.json","markdown":"https://secwatch.observer/filing/0001031203-23-000045.md","text":"https://secwatch.observer/filing/0001031203-23-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1031203/000103120323000045/0001031203-23-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1031203/000103120323000045/gpi-20231208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:35:44.580369+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":[{"claim_id":"6b402c30798dcae0bec1b1cfc2b074a401a4c553","claim":"GROUP 1 AUTOMOTIVE INC incurred credit facility of $84,500,000 with AmeriCredit Financial Services, Inc., doing business as GM Financial at prime rate minus 100 basis points.","evidence_excerpt":"brand, use or other criteria). As of the Closing Date, the aggregate maximum amount of floorplan financing indebtedness that may be incurred under the GM Floorplan Facility is $84,500,000. Interest on the advances under the GM Floorplan Facility accrues at the prime rate minus 100 basis points. The GM Floorplan Facility is secured by, among other things, new motor","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1031203/000103120323000045/0001031203-23-000045-index.htm","confidence":0.85,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$84,500,000"},{"label":"Counterparty","value":"AmeriCredit Financial Services, Inc., doing business as GM Financial"},{"label":"Rate","value":"prime rate minus 100 basis points"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2a7c66ed4793735966f3653b562eae4b91f9387a","claim":"GROUP 1 AUTOMOTIVE INC entered into GM Floorplan Facility with AmeriCredit Financial Services, Inc. valued at $84,500,000 (effective 2023-12-08).","evidence_excerpt":"Effective December 8, 2023 (the \"Closing Date\"), GPI TX-G, Inc., GPI TX-GII, Inc. and GPI TX-GIII, Inc. (collectively, the \"Closing Date Borrowers\"), each a subsidiary of Group 1 Automotive, Inc. (the \"Company\"), entered into a master loan agreement and addendum to master loan agreement (collectively, the \"GM Floorplan Facility\") with AmeriCredit Financial Services, Inc., doing business as GM Financial, as lender (the \"Lender\"), providing a discretionary floorplan credit facility for new motor vehicles, demonstrator vehicles and courtesy vehicles manufactured by divisions of General Motors Corporation (\"GM\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1031203/000103120323000045/0001031203-23-000045-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"AmeriCredit Financial Services, Inc."},{"label":"Value","value":"$84,500,000"},{"label":"Effective","value":"2023-12-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}