---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-023135"
form_type: "8-K"
ticker: "SAH"
cik: "0001043509"
company_name: "SONIC AUTOMOTIVE INC"
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:46:36.841880+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sonic Automotive enters $150M bridge facility with PNC Bank, fully drawn

## Summary
- Entered $150M senior unsecured bridge term loan with PNC Bank, drawn in full on March 27, 2026.
- Matures 364 days later or upon refinancing of existing PNC Mortgage Facility.
- Interest at Term SOFR + 2.50% or Base Rate + 1.50%; no prepayment premium.
- Contains usual covenants, including restrictions on dividends, indebtedness, and M&A.
- PNC is also lender under existing PNC Mortgage Facility.

## SEC filing metadata
- accession: 0001628280-26-023135
- form_type: 8-K
- ticker: SAH
- cik: 0001043509
- company_name: SONIC AUTOMOTIVE INC
- filed_at: 2026-04-02T23:59:59+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/1043509/000162828026023135/0001628280-26-023135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043509/000162828026023135/sah-20260327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-023135
- JSON: https://secwatch.observer/filing/0001628280-26-023135.json
- Plain text: https://secwatch.observer/filing/0001628280-26-023135.txt

## Source-grounded claims
- claim_id: 23df0277c81d5ec0bd0eae0e98273a42608bc313
  claim: SONIC AUTOMOTIVE INC incurred term loan of $150 million with PNC Bank, National Association at Term SOFR plus 2.50% per annum maturing the earlier of (i) the date that is 364 days after the Closing Date and (ii) the occurrence of a refinancing of the PNC Mortgage Facility.
  evidence_excerpt: On March 27, 2026 (the “Closing Date”), Sonic Automotive, Inc. (the “Company”) entered into a Bridge Facility Credit Agreement (the “Bridge Facility Credit Agreement”) with PNC Bank, National Association (“PNC”), as administrative agent and lender. The Bridge Facility Credit Agreement provides for a senior unsecured term loan facility in an aggregate principal amount of $150 million (the “Bridge Facility”). Also on the Closing Date, the Company borrowed $150 million under the Bridge Facility Credit Agreement, the full amount available under the Bridge Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043509/000162828026023135/0001628280-26-023135-index.htm
- claim_id: 338daaccfb95a74d45421709fd813bef68d93bc7
  claim: SONIC AUTOMOTIVE INC entered into Bridge Facility Credit Agreement with PNC Bank, National Association valued at $150 million (effective 2026-03-27).
  evidence_excerpt: On March 27, 2026 (the “Closing Date”), Sonic Automotive, Inc. (the “Company”) entered into a Bridge Facility Credit Agreement (the “Bridge Facility Credit Agreement”) with PNC Bank, National Association (“PNC”), as administrative agent and lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043509/000162828026023135/0001628280-26-023135-index.htm

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