Group 1 Automotive Plans $1.25 Billion Senior Notes Offering

08:52 AM EDT, 09/08/2026 (MT Newswires) -- Group 1 Automotive (GPI) plans to offer $1.25 billion of senior notes to fund its acquisition of dealership assets and real estate of Hennessy Automobile, the US auto retailer said Tuesday. The offering includes $625 million of notes due 2032 and $625 million of notes due 2035, the company said. Net proceeds from the offering, together with cash on hand, will be used to fund the Hennessy acquisition and pay related fees and expenses, the company said. Pending the acquisition's closing, Group 1 expects to use the offering proceeds to repay a portion of borrowings under its revolving credit facility's acquisition line and reborrow those amounts at closing, the company said.