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 amended credit facility of increasing the maximum amount of floorplan financing indebtedness that may be incurred under the GM Floorplan Facility f with AmeriCredit Financial Services, Inc., doing business as GM Financial.
- Instrument
- credit facility
- Principal
- increasing the maximum amount of floorplan financing indebtedness that may be incurred under the GM Floorplan Facility f
- Counterparty
- AmeriCredit Financial Services, Inc., doing business as GM Financial
- Event
- amendment
Exact text from the filing
Effective March 25, 2024, twelve additional subsidiaries of the Company, BOB HOWARD AUTOMOTIVE-EAST, INC., BOB HOWARD CHEVROLET, INC., GPI FL-G, LLC, GPI GA-CGM, LLC, GPI MA-GM, INC., GPI NY-GMII, LLC, GPI TX-EPGM, INC., GPI TX-HGMII, INC., GPI TX-HGMIV, INC., HOWARD-GM, INC., LUBBOCK MOTORS-GM, INC. and MAXWELL-GMII, INC., entered into an Additional Borrower Addendum to Master Loan Agreement (the “ Addendum ” ) joining the GM Floorplan Facility as additional borrowers and increasing the maximum amount of floorplan financing indebtedness that may be incurred under the GM Floorplan Facility from $84.5 million to $338.1 million.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GROUP 1 AUTOMOTIVE INC amended Additional Borrower Addendum to Master Loan Agreement with AmeriCredit Financial Services, Inc., doing business as GM Financial (effective 2024-03-25).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- AmeriCredit Financial Services, Inc., doing business as GM Financial
- Effective
- 2024-03-25
Exact text from the filing
Effective March 25, 2024, twelve additional subsidiaries of the Company, BOB HOWARD AUTOMOTIVE-EAST, INC., BOB HOWARD CHEVROLET, INC., GPI FL-G, LLC, GPI GA-CGM, LLC, GPI MA-GM, INC., GPI NY-GMII, LLC, GPI TX-EPGM, INC., GPI TX-HGMII, INC., GPI TX-HGMIV, INC., HOWARD-GM, INC., LUBBOCK MOTORS-GM, INC. and MAXWELL-GMII, INC., entered into an Additional Borrower Addendum to Master Loan Agreement (the “ Addendum ” ) joining the GM Floorplan Facility as additional borrowers and increasing the maximum amount of floorplan financing indebtedness that may be incurred under the GM Floorplan Facility from $84.5 million to $338.1 million.
View on SEC.gov