secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001144980-22-000151
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asbury Automotive amends credit agreement, increases real estate borrowing base cap to 40%
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- Real estate component of Revolving Borrowing Base cap raised from 25% to 40% of Aggregate Revolving Commitments.
- Conversion limits between revolving and floorplan commitments increased from 20% to 40% of Aggregate Commitments.
- $50 million limit on Floorplan Offset Amount removed; Eligible Borrowing Base Real Property criteria amended.
- Maturity date, interest rates, and total loan commitments under the Credit Agreement unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000151/0001144980-22-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000151/abg-20220930.htm
  HTML page:      https://secwatch.observer/filing/0001144980-22-000151

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