Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 71

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 September 30, 2025 (in millions):TotalCommitmentOutstandingAvailableU.S. Floorplan Line (1) $1,750.0 $947.1 $802.9 Acquisition Line (2) 1,750.0 721.8 555.2 Total revolving credit facility3,500.0 1,668.9 1,358.2 FMCC Facility (3)200.0 163.6 36.4 GM Financial Facility (4)348.1 211.0 137.1 Total U.S. credit facilities (5) $4,048.1 $2,043.4 $1,531.7 

(1) The available balance at September 30, 2025, includes $402.9 million of immediately available funds. The remaining available balance can be used for vehicle inventory financing. 

(2) The outstanding balance of $721.8 million is related to outstanding letters of credit of $11.8 million and $710.0 million in USD borrowings. The available borrowings may be limited from time to time, based on certain debt covenant calculations, and as a result, the outstanding balance plus available borrowings may not equal the total commitment.

(3) The available balance at September 30, 2025, includes no immediately available funds. The remaining available balance can be used for Ford new vehicle inventory financing.

(4) The available balance at September 30, 2025, includes no immediately available funds. The remaining available balance can be used for General Motors new and loaner vehicle inventory financing.

(5) The outstanding balance excludes $594.6 million of borrowings with manufacturer-affiliates and third-party financial institutions for foreign and loaner vehicle financing not associated with any of our U.S. credit facilities.

We have other credit facilities in the U.S. and the U.K. with third-party financial institutions, most of which are affiliated with the automobile manufacturers that provide financing for portions of our new, used and rental vehicle inventories. In addition, we have outstanding debt instruments, including our 4.00% and 6.375% Senior Notes, as well as real estate related and other debt instruments. Refer to Note 10. Debt within our Notes to Condensed Consolidated Financial Statements for further information. 

Covenants

Our Revolving Credit Facility, indentures governing our 4.00% and 6.375