---
schema_version: "secwatch.filing_event.v1"
accession: "0001043509-24-000033"
form_type: "8-K"
ticker: "SAH"
cik: "0001043509"
company_name: "SONIC AUTOMOTIVE INC"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T06:55:57.755052+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sonic Automotive amends credit facility, removes liquidity covenant, permits share exchange transactions

## Summary
- Fifth Amendment to Mortgage Facility executed March 22, 2024 with PNC Bank and other lenders.
- Removes requirement to maintain a specified consolidated liquidity ratio.
- Permits certain share exchange transactions as allowed restricted payments and dispositions.
- Total facility size unchanged: $500M ($95M revolver, $405M term loan as of Nov 2022).
- Certain lenders under the facility have other lending relationships with Sonic.

## SEC filing metadata
- accession: 0001043509-24-000033
- form_type: 8-K
- ticker: SAH
- cik: 0001043509
- company_name: SONIC AUTOMOTIVE INC
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043509/000104350924000033/0001043509-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043509/000104350924000033/sah-20240322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043509-24-000033
- JSON: https://secwatch.observer/filing/0001043509-24-000033.json
- Plain text: https://secwatch.observer/filing/0001043509-24-000033.txt

## Key facts
- Material Agreements
  SONIC AUTOMOTIVE INC amended Fifth Amendment to Credit Agreement with PNC Bank, National Association (effective 2024-03-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Effective: 2024-03-22
  source text: On March 22, 2024, Sonic Automotive, Inc. (the “Company”) and certain of its subsidiaries entered into the Fifth Amendment to Credit Agreement (the “Amendment”) with PNC Bank, National Association (“PNC”), as administrative agent, and the other financial institutions party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043509/000104350924000033/0001043509-24-000033-index.htm

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