U.S. Bank and Others Upsize Group 1 Automotive’s Revolving Credit Facility to $2.5B

Group 1 Automotive, a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and the UK, completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions. The facility will expire in March 2027 and can be expanded to $3 billion total availability.

Lenders in the syndicated facility include six manufacturer-affiliated finance companies and 14 commercial banks. The six manufacturer-affiliated finance companies are:

• Mercedes-Benz Financial Services USA

_x000D_

• Toyota Motor Credit Corporation

_x000D_

• BMW Financial Services

_x000D_

• American Honda Finance

_x000D_

• VW Credit

_x000D_

• Hyundai Capital America

_x000D_

The 14 commercial banks are:

• U.S. Bank

_x000D_

• Bank of America

_x000D_

• JPMorgan Chase Bank

_x000D_

• Wells Fargo Bank

_x000D_

• PNC Bank

_x000D_

• Comerica Bank

_x000D_

• Truist Bank

_x000D_

• TD Bank

_x000D_

• Ally Bank

_x000D_

• NYCB Specialty Finance

_x000D_

• Barclays Bank

_x000D_

• Zions Bancorporation (dba Amegy Bank)

_x000D_

• Santander Bank

_x000D_

• BOKF (dba Bank of Oklahoma)

_x000D_

The syndication was arranged through U.S. Bank, JPMorgan Chase Bank, BofA Securities, PNC Capital Markets and Wells Fargo Securities.

“The expanded revolving facility further strengthens Group 1’s balance sheet by locking in additional capacity of reasonably priced capital for vehicle financing and acquisition growth,” Daniel McHenry, senior vice president and chief financial officer at Group 1, said. “The commitments made by our lenders are a testament to the strong relationships we have established and we want to thank them for their continued support.”