Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
GROUP 1 AUTOMOTIVE INC incurred credit facility of $250 million with Wells Fargo Bank, National Association at Term SOFR plus 175 basis points maturing March 1, 2031.
- Instrument
- credit facility
- Principal
- $250 million
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- Term SOFR plus 175 basis points
- Maturity
- March 1, 2031
- Event
- incurrence
Exact text from the filing
with Wells Fargo Bank, National Association, as lender (the “Lender”), providing term loans on a periodic basis to the Borrowers in a principal amount equaling the lesser of (A) $250 million and (B) 80% of the sum of the value of all mortgaged properties (the “Properties”), calculated for each Property as the lesser of (i) appraised value and (ii) the cost of such
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GROUP 1 AUTOMOTIVE INC entered into Credit Agreement with Wells Fargo Bank, National Association valued at $250 million (effective 2024-02-12).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $250 million
- Effective
- 2024-02-12
Exact text from the filing
entered into a master credit agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as lender (the “Lender”), providing term loans on a periodic basis to the Borrowers in a principal amount equaling the lesser of (A) $250 million
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