Group 1 Automotive Enters Into $3.5 Billion Revolving Credit Facility
06.02.25
This is only gets display when printing
The Firm represented Group 1 Automotive, Inc. in connection with an amendment and restatement of its syndicated revolving credit facility led by U.S. Bank National Association, bringing the total facility size to $3.5 billion with the ability to increase up to $4.5 billion. Lenders in the revolving credit facility include six manufacturer-affiliated finance companies and 12 commercial banks, and the facility consists of two tranches: one for U.S. vehicle inventory floorplan financing and another for working capital and general corporate purposes, including acquisitions.
GPI owns and operates 263 automotive dealerships, 336 franchises and 39 collision centers in the U.S. and the U.K., collectively offering 35 brands of automobiles.
The Simpson Thacher team included Matthew Einbinder, Brandon Barton, Kaylee Yocum, Kyle Zollinger and Hayden Stoeber (Banking & Credit). Summer Associate Joelyn Onyekachi also provided valuable assistance.