---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-188852"
form_type: "8-K"
ticker: "GPI"
cik: "0001031203"
company_name: "GROUP 1 AUTOMOTIVE INC"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T14:48:29.769871+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Group 1 Automotive issues $500M 6.375% Senior Notes due 2030; proceeds to repay revolver

## Summary
- $500M aggregate principal amount of 6.375% senior unsecured notes maturing Jan 15, 2030.
- Net proceeds of ~$494.5M after discounts and expenses; used to repay revolving credit facility and for general corporate purposes.
- Notes offered in a private placement; closing occurred July 30, 2024.
- Interest payable Jan 15 and Jul 15, first payment Jan 15, 2025. Redemption provisions include make-whole prior to Jul 15, 2026.
- Covenants restrict additional debt, dividends, asset sales, and mergers; suspended if Notes achieve investment-grade ratings.

## SEC filing metadata
- accession: 0001193125-24-188852
- form_type: 8-K
- ticker: GPI
- cik: 0001031203
- company_name: GROUP 1 AUTOMOTIVE INC
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031203/000119312524188852/0001193125-24-188852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031203/000119312524188852/d876197d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-188852
- JSON: https://secwatch.observer/filing/0001193125-24-188852.json
- Plain text: https://secwatch.observer/filing/0001193125-24-188852.txt

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