{"schema_version":"secwatch.filing_event.v1","accession":"0001031203-24-000010","form_type":"8-K","ticker":"GPI","cik":"0001031203","company_name":"GROUP 1 AUTOMOTIVE INC","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.157689+00:00","generated_at":"2026-06-06T01:55:27.303315+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Group 1 Auto acquires RRR Automotive Group ($500M rev); raises 2024 dividend 4% to $1.88","bullets":["Acquisition includes Toyota, Honda, Hyundai, Kia dealerships in Baltimore/DC; expected $500M annual revenues.","Disposed of 10 franchises and a collision center in Beaumont, TX during Q1 2024.","2024 annual dividend rate increased 4% to $1.88/share; Q1 dividend $0.47 payable March 15, 2024.","Entered $250M master credit agreement with Wells Fargo, secured by real estate, maturing March 2031."],"urls":{"canonical":"https://secwatch.observer/filing/0001031203-24-000010","json":"https://secwatch.observer/filing/0001031203-24-000010.json","markdown":"https://secwatch.observer/filing/0001031203-24-000010.md","text":"https://secwatch.observer/filing/0001031203-24-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1031203/000103120324000010/0001031203-24-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1031203/000103120324000010/gpi-20240212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:55:27.303315+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":"5bf96c70e1585b870cc4ff66fa896557d8d4a811","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1031203/000103120324000010/0001031203-24-000010-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$250 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Term SOFR plus 175 basis points"},{"label":"Maturity","value":"March 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b146ffe19761906625bc3804b13c67c5b7f1a876","claim":"GROUP 1 AUTOMOTIVE INC entered into Credit Agreement with Wells Fargo Bank, National Association valued at $250 million (effective 2024-02-12).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1031203/000103120324000010/0001031203-24-000010-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$250 million"},{"label":"Effective","value":"2024-02-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}