Sonic Automotive amends credit agreement; replaces LIBOR with Term SOFR

SONIC AUTOMOTIVE INC

Amendment No. 2 replaces LIBOR-based Eurodollar rate with one-month Term SOFR as reference rate.
Provisions for including real property in Revolving Credit Facility borrowing base amended.
Minimum commitment amounts and proportion of Revolving Credit Facility to total commitments adjusted.
Offset account for voluntary reductions under Floor Plan Facilities adjusted; New Vehicle Floorplan Offset terminated.
No default or event of default occurred; representations and warranties true as of effective date.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.