---
schema_version: "secwatch.filing_event.v1"
accession: "0001031203-24-000036"
form_type: "8-K"
ticker: "GPI"
cik: "0001031203"
company_name: "GROUP 1 AUTOMOTIVE INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:45:29.811014+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Group 1 upsizes revolving credit facility to $2.5B, expandable to $3.0B

## Summary
- Added $500M in commitments from 20 financial institutions; total facility now $2.5B.
- Facility matures March 2027; can be expanded by up to an additional $500M to $3.0B.
- Includes six manufacturer-affiliated lenders (Toyota, BMW, Honda, VW, Mercedes, Hyundai) and 14 banks.
- U.S. Bank, JPMorgan, BofA, PNC, and Wells served as arrangers.
- Proceeds intended for vehicle financing and acquisition growth, per CFO Daniel McHenry.

## SEC filing metadata
- accession: 0001031203-24-000036
- form_type: 8-K
- ticker: GPI
- cik: 0001031203
- company_name: GROUP 1 AUTOMOTIVE INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000036/0001031203-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000036/gpi-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031203-24-000036
- JSON: https://secwatch.observer/filing/0001031203-24-000036.json
- Plain text: https://secwatch.observer/filing/0001031203-24-000036.txt

## Key facts
- Debt Financings
  GROUP 1 AUTOMOTIVE INC amended revolving credit of $500.0 million increase, aggregate maximum borrowing amount of $2.5 billion as of the Closing Date and a total Credit Fa with Group 1 Automotive, Inc. and certain subsidiaries.
  - Instrument: revolving credit
  - Principal: $500.0 million increase, aggregate maximum borrowing amount of $2.5 billion as of the Closing Date and a total Credit Fa
  - Counterparty: Group 1 Automotive, Inc. and certain subsidiaries
  - Event: amendment
  source text: Effective April 30, 2024 (the “Closing Date”), Group 1 Automotive, Inc. (the “Company”) and certain subsidiaries of the Company entered into an amendment (together with certain commitment increase agreements entered into in connection therewith, collectively, the “Increase Documents”) to the Company’s existing twelfth amended and restated revolving credit agreement (the “Credit Agreement” and the revolving credit facility established thereby, the “Credit Facility”), which Increase Documents increased the total commitments under the Credit Facility by $500.0 million and allow for future increases of up to an additional $500.0 million, for an aggregate maximum borrowing amount of $2.5 billion as of the Closing Date and a total Credit Facility size of up to $3.0 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000036/0001031203-24-000036-index.htm
- Material Agreements
  GROUP 1 AUTOMOTIVE INC amended Increase Documents with certain subsidiaries valued at $500.0 million (effective 2024-04-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: certain subsidiaries
  - Value: $500.0 million
  - Effective: 2024-04-30
  source text: Group 1 Automotive, Inc. (the “Company”) and certain subsidiaries of the Company entered into an amendment (together with certain commitment increase agreements entered into in connection therewith, collectively, the “Increase Documents”) to the Company’s existing twelfth amended and restated revolving credit agreement (the “Credit Agreement” and the revolving credit facility established thereby, the “Credit Facility”), which Increase Documents increased the total commitments under the Credit Facility by $500.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000036/0001031203-24-000036-index.htm

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