Group 1 Automotive unit signs $190.34 million term loan credit agreement with Bank of America
Bitget2026/09/24 10:03- Group 1 Realty, a unit of Group 1 Automotive, entered a master credit agreement with Bank of America, effective Sept. 23, 2026.
- Term loan provides up to USD 190.34 million, set at 85% of appraised value of mortgaged properties.
- Borrowings accrue interest at Term SOFR plus 145 basis points.
- Facility is secured by mortgages on the properties; Group 1 Automotive provides a guarantee.
- Loan matures Sept. 23, 2033; repaid principal cannot be reborrowed.
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