Group 1 Automotive Enters Material Definitive Agreement

Ticker: GPI · Form: 8-K · Filed: 2025-06-03T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation, debt

TL;DR

GPI just signed a big deal, likely involving debt or a new financial arrangement.

AI Summary

On May 30, 2025, Group 1 Automotive, Inc. entered into a material definitive agreement related to a financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The filing was made on June 3, 2025.

Why It Matters

This filing indicates a significant financial commitment or obligation for Group 1 Automotive, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements often involve significant financial obligations or strategic shifts that carry inherent risks.

Key Numbers

Key Players & Entities

FAQ

What type of material definitive agreement did Group 1 Automotive, Inc. enter into?

The filing indicates the entry into a material definitive agreement that constitutes the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on May 30, 2025.

What is the principal executive office address for Group 1 Automotive, Inc.?

The principal executive offices are located at 730 Town and Country Blvd, Suite 500, Houston, Texas 77024.

What is the company's state of incorporation?

Group 1 Automotive, Inc. is incorporated in Delaware.

What is the filing date of this 8-K report?

This 8-K report was filed on June 3, 2025.

From the Filing

0001031203-25-000039.txt : 20250603 0001031203-25-000039.hdr.sgml : 20250603 20250603142610 ACCESSION NUMBER: 0001031203-25-000039 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250530 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250603 DATE AS OF CHANGE: 20250603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GROUP 1 AUTOMOTIVE INC CENTRAL INDEX KEY: 0001031203 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services EIN: 760506313 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13461 FILM NUMBER: 251018598 BUSINESS ADDRESS: STREET 1: 730 TOWN & COUNTRY BOULEVARD STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: 713-647-5700 MAIL ADDRESS: STREET 1: 730 TOWN & COUNTRY BOULEVARD STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77024 8-K 1 gpi-20250530.htm 8-K gpi-20250530 0001031203 false 0001031203 2025-05-30 2025-05-30 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 30, 2025 Group 1 Automotive, Inc . (Exact name of Registrant as specified in its charter) Delaware 1-13461 76-0506313 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 730 Town and Country Blvd , Suite 500 Houston , Texas 77024 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code ( 713 ) 647-5700 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 40.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Ticker symbol(s) Name of exchange on which registered Common stock, par value $0.01 per share GPI New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ Item 1.01     Entry into a Material Definitive Agreement. Effective May 30, 2025 (the “Closing Date”), Group 1 Automotive, Inc. (the “Company”) entered into an amended and restated five-year revolving syndicated credit arrangement with 18 financial institutions, including 6 manufacturer-affiliated finance companies (the “Credit Facility”). The Credit Facility consists of two tranches: one for U.S. vehicle inventory floorplan financing (the “Floorplan Line”) and another for working capital and general corporate purposes, including acquisitions (the

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