Lithia Motors amended its credit agreement to increase its existing facility by $300 million to $2.05 billion and extended the maturity to July 2021. U.S. Bank served as administrative agent.
Asbury Automotive Group entered into a second amended and restated $1.3 billion, five-year syndicated senior credit facility. Bank of America served as administrative agent.
Group 1 Automotive announced it completed a new $1.7 billion revolving syndicated credit facility with 25 financial institutions. The facility was arranged through J.P. Morgan Securities and Merrill Lynch.