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8-K filed March 19, 2024, 7:59 PM ET ticker SAH CIK 0001043509
debt confidence high sentiment neutral materiality 0.55

Sonic Automotive amends credit facility: floor plan commitments reduced $550M to $2.4B, maturity extended to 2029

SONIC AUTOMOTIVE INC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SONIC AUTOMOTIVE INC amended Sixth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders listed therein valued at decrease the aggregate commitments under the Floor Plan Facilities by $550.00 million, from $2.95 bi (effective 2024-03-13).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as administrative agent, and the lenders listed therein
Value
decrease the aggregate commitments under the Floor Plan Facilities by $550.00 million, from $2.95 bi
Effective
2024-03-13
Exact text from the filing
On March 13, 2024 (the “Effective Date”), Sonic Automotive, Inc. (the “Company”) and certain of its subsidiaries entered into the Sixth Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, revolving swing line lender, new vehicle swing line lender, used vehicle swing line lender, letter of credit issuer and a lender, BMW Financial Services NA, LLC, JPMorgan Chase Bank, N.A., Mercedes-Benz Financial Services USA LLC, Toyota Motor Credit Corporation, PNC Bank, National Association, VW Credit, Inc., American Honda Finance Corporation, U.S. Bank National Association, Wells Fargo Bank, National Association, MassMutual Asset Finance LLC, TD Bank, N.A., World Omni Financial Corp., and First National Bank of Pennsylvania as lenders.
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Source: SEC EDGAR
accession 0001043509-24-000032
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