Lithia Motors Enters Material Definitive Agreement

Ticker: LAD · Form: 8-K · Filed: 2025-08-08T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financing, disclosure

Related Tickers: LAD

TL;DR

Lithia Motors (LAD) signed a big deal on Aug 6th, filing an 8-K. Details to come.

AI Summary

On August 6, 2025, Lithia Motors, Inc. entered into a material definitive agreement, likely related to financing or a significant operational transaction. The company, incorporated in Oregon with its principal executive offices in Medford, filed this 8-K report to disclose this event. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant new agreement for Lithia Motors, which could impact its financial obligations, operational structure, or future growth strategies.

Risk Assessment

Risk Level: medium — The nature of the 'material definitive agreement' is not fully detailed in this initial filing, creating uncertainty about its implications.

Key Numbers

Key Players & Entities

FAQ

What is the specific nature of the material definitive agreement entered into by Lithia Motors?

The filing indicates the entry into a material definitive agreement but does not specify its exact terms or purpose in the provided excerpt.

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

The earliest event reported is dated August 6, 2025.

Where are Lithia Motors' principal executive offices located?

Lithia Motors' principal executive offices are located at 150 N. Bartlett Street, Medford, Oregon 97501.

What is Lithia Motors' state of incorporation?

Lithia Motors is incorporated in Oregon.

What is the SEC file number for Lithia Motors?

Lithia Motors' SEC file number is 001-14733.

Filing Stats: 720 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2025-08-08 16:17:18

Key Financial Figures

Filing Documents

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement Sixth Amendment to Fourth Amended and Restated Loan Agreement On August 6, 2025, Lithia Motors, Inc. (the "Company") entered into a Sixth Amendment (the "Sixth Amendment") to its Fourth Amended and Restated Loan Agreement, dated as of April 29, 2021 (including all amendments, the "Loan Agreement") with U.S. Bank National Association as administrative agent and agent for the lenders, and each of the lenders party to the Loan Agreement, as lenders. Among other changes, the Sixth Amendment: Increases the total financing commitment from $6.0 billion to $6.5 billion, which may be further expanded to up to a total of $7.0 billion, subject to Lender approval and the satisfaction of other conditions, with initial allocations as follows: New Vehicle Floorplan - $3,000,000,000 Used Vehicle Floorplan - $900,000,000 Revolver - $2,500,000,000 Service Loaner Floorplan Facility - $100,000,000 Modifies the Company's option to reallocate the commitments under the Credit Facility to allow the aggregate revolving loan commitment to be up to 50% of the amount of the aggregate commitment, and increases the limit on eligible real estate that can be used in the revolving loan base. Removes Financing Operations interest expense from the fixed charge coverage ratio. A copy of the Sixth Amendment is set forth as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The description of the Sixth Amendment in this Report is only a summary and is qualified in its entirety by reference to the actual terms of the Sixth Amendment. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Sixth Amendment to Fourth Amended and Restated Loan Agreement, dated August 6, 2025, among Lithia Motors, Inc., the subsidiaries of Lithia Motors, Inc. listed on the signature pages of the agreement or that thereafter become borrowers thereunder, the lenders party thereto from time to time, and U.S. Bank National Association. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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 hereunto duly authorized. Date: August 8, 2025 LITHIA MOTORS, INC. Registrant By: /s/ Tina Miller Tina Miller Chief Financial Officer, Senior Vice President, and Principal Accounting Officer

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