Group 1 Automotive Files 8-K with Material Agreements

TL;DR

GPI filed an 8-K on 4/30 detailing material agreements and financial obligations.

AI Summary

On April 30, 2024, Group 1 Automotive, Inc. entered into a material definitive agreement related to a direct financial obligation. The company also made a Regulation FD disclosure and filed financial statements and exhibits as part of this 8-K filing.

Why It Matters

This filing indicates significant financial activity or obligations for Group 1 Automotive, potentially impacting its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and financial obligations can introduce financial risks or opportunities that require careful monitoring.

Key Players & Entities

• Group 1 Automotive, Inc. (company) — Registrant
• April 30, 2024 (date) — Date of earliest event reported
• 713-647-5700 (phone_number) — Registrant's telephone number
• 800 Gessner, Suite 500 Houston, Texas 77024 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share GPI New York Stock Exchange
• $500.0 million — ommitments under the Credit Facility by $500.0 million and allow for future increases of up to
• $500.0 m — future increases of up to an additional $500.0 million, for an aggregate maximum borrowi
• $2.5 billion — n aggregate maximum borrowing amount of $2.5 billion as of the Closing Date and a total Cred
• $3.0 billion — d a total Credit Facility size of up to $3.0 billion. The description of the Credit Facility

Filing Documents

• gpi-20240430.htm (8-K) — 30KB
• exhibit101-43024.htm (EX-10.1) — 1581KB
• exhibit991-43024.htm (EX-99.1) — 14KB
• image_01.jpg (GRAPHIC) — 3KB
• 0001031203-24-000036.txt ( ) — 1999KB
• gpi-20240430.xsd (EX-101.SCH) — 2KB
• gpi-20240430_lab.xml (EX-101.LAB) — 22KB
• gpi-20240430_pre.xml (EX-101.PRE) — 13KB
• gpi-20240430_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Effective April 30, 2024 (the "Closing Date"), Group 1 Automotive, Inc. (the "Company") and certain subsidiaries of the Company entered into an amendment (together with certain commitment increase agreements entered into in connection therewith, collectively, the "Increase Documents") to the Company's existing twelfth amended and restated revolving credit agreement (the "Credit Agreement" and the revolving credit facility established thereby, the "Credit Facility"), which Increase Documents increased the total commitments under the Credit Facility by $500.0 million and allow for future increases of up to an additional $500.0 million, for an aggregate maximum borrowing amount of $2.5 billion as of the Closing Date and a total Credit Facility size of up to $3.0 billion. The description of the Credit Facility set forth above does not purport to be complete and is qualified in its entirety by reference to the provisions of the Credit Facility, which is filed hereto as Exhibit 10.1 and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 30, 2024 the Company issued a press release announcing that it had completed a $500.0 million increase to its revolving syndicated credit facility. The information, including the press release, furnished under this Item 7.01 shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any other filing by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1+ Third Amendment to Twelfth Amended and Restated Revolving Credit Agreement dated effective as of April 30, 2024. 99.1 Press release of Group 1 Automotive, Inc., dated as of April 30, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) + Exhibit omitted certain immaterial schedules and exhibits pursuant to Item 601(a)(5) of Regulation S-K and will be furnished to the Securities and Exchange Commission upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Group 1 Automotive, Inc. Date: May 1, 2024 By: /s/ Gillian A. Hobson Name: Gillian A. Hobson Title: Senior Vice President