---
schema_version: "secwatch.filing_event.v1"
accession: "0001031203-24-000020"
form_type: "8-K"
ticker: "GPI"
cik: "0001031203"
company_name: "GROUP 1 AUTOMOTIVE INC"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:41:36.390499+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Group 1 expands GM floorplan facility to $338.1M, adds 12 subsidiaries

## Summary
- Twelve new subsidiaries join GM Floorplan Facility, raising max borrowing capacity from $84.5M to $338.1M.
- Lender is GM Financial; facility covers new motor vehicles and demonstrator/courtesy vehicles.
- Addendum effective March 25, 2024; subsidiaries include Bob Howard Chevrolet, GPI FL-G, and others.
- Original three borrowers (GPI TX-G, GPI TX-GII, GPI TX-GIII) remain on the facility.

## SEC filing metadata
- accession: 0001031203-24-000020
- form_type: 8-K
- ticker: GPI
- cik: 0001031203
- company_name: GROUP 1 AUTOMOTIVE INC
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000020/0001031203-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000020/gpi-20240325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031203-24-000020
- JSON: https://secwatch.observer/filing/0001031203-24-000020.json
- Plain text: https://secwatch.observer/filing/0001031203-24-000020.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000020/0001031203-24-000020-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000020/0001031203-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.