Group 1 Auto's realty unit enters $190.3M secured term loan with BofA; SOFR+145bps

GROUP 1 AUTOMOTIVE INC

Borrower is Group 1 Realty, Inc.; loan is $190.3M, equal to 85% appraised value of mortgaged dealership properties.
Interest accrues at Term SOFR plus 145 bps; principal due at maturity on Sept 23, 2033; no reborrowing after repayment.
Proceeds used for general corporate purposes, including acquisition of additional properties; parent Group 1 and subsidiaries guarantee payment.
Loan secured by mortgages on properties and related fixtures; covenants limit additional secured debt, liens, and asset transfers.
Borrower may add properties as collateral and request advances during draw period per conditions in the agreement.

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