Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 25

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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ables$175.6 $177.4 Parts and service receivables 88.6 80.6 F&I receivables35.5 39.7 Other16.4 11.7 Total accounts and notes receivable316.1 309.5 Less: allowance for doubtful accounts 5.1 6.4 Total accounts and notes receivable, net $311.0 $303.0 Within Other current assets and Other long-term assets:Total contract assets (1)$71.1 $59.0 

(1) No allowance for doubtful accounts was recorded for contract assets as of September 30, 2025 or December 31, 2024. 

10. DEBT 

Long-term debt consisted of the following (in millions):September 30, 2025December 31, 20244.00% Senior Notes due August 15, 2028$750.0 $750.0 6.375% Senior Notes due January 15, 2030500.0 500.0 Acquisition Line710.0 95.0 Other Debt:Real estate related1,182.6 1,253.9 Finance leases 331.2 311.4 Other5.4 19.0 Total other debt1,519.2 1,584.3 Total debt3,479.2 2,929.3 Less: unamortized debt issuance costs14.116.1Less: current maturities215.1175.3Total long-term debt$3,250.0 $2,737.9 Acquisition Line The proceeds of the Acquisition Line (as defined in Note 11. Floorplan Notes Payable) are used for working capital, general corporate and acquisition purposes. As of September 30, 2025, borrowings under the Acquisition Line, a component of the Revolving Credit Facility (as defined in Note 11. Floorplan Notes Payable), totaled $710.0 million. The average interest rate on this facility was 5.70% during the three months ended September 30, 2025. Real Estate Related The Company has mortgage loans in the U.S. and the U.K. that are paid in installments. As of September 30, 2025, borrowings outstanding under these facilities totaled $1,182.6 million, gross of debt