Short answer
GROUP 1 AUTOMOTIVE INC (GPI) filed an 8-K current report with the SEC on September 24, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation). $190.3M maximum term loan, equal to 85% of mortgaged-property appraised value.
GROUP 1 AUTOMOTIVE INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $190.3M maximum term loan, equal to 85% of mortgaged-property appraised value
- Variable-rate borrowing at Term SOFR plus 145 basis points, maturing September 23, 2033
- Secured by mortgages and related collateral, with guarantees from Group 1 Automotive and specified subsidiaries
- Non-revolving structure, restricting reborrowing after principal repayment
- Covenants limit additional secured debt, liens, asset transfers and mergers; defaults may trigger immediate repayment
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other GROUP 1 AUTOMOTIVE INC 8-K filings
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