Group 1 Automotive, Inc., a Fortune 250 automotive retailer with 263 dealerships located in the U.S. and U.K., announced a $1.0 billion upsize in its revolving syndicated credit facility to $3.5 billion and the extension of the maturity to May 30, 2030.  The syndicated credit facility can be expanded to $4.5 billion total availability, subject to lender approval.

The 18 lending parties in the syndicated facility include six manufacturer-affiliated finance companies and 12 commercial banks. 

“The $3.5 billion amended and extended revolving credit facility further strengthens our financial flexibility by providing expanded access to reasonably priced capital to support our business strategy,” said Daniel McHenry, Group 1’s Senior Vice President and Chief Financial Officer.  “Our strong relationship with our lenders is reflected in the commitments they have made, and we want to thank them for their ongoing support and partnership.”