Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 26

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 issuance costs, comprised of $780.9 million in the U.S. and $401.8 million in the U.K., respectively.

19

Table of Contents GROUP 1 AUTOMOTIVE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – (Continued)

11. FLOORPLAN NOTES PAYABLE

The Company’s floorplan notes payable consisted of the following (in millions):September 30, 2025December 31, 2024Revolving Credit Facility — floorplan notes payable$1,350.0 $1,328.7 Revolving Credit Facility — floorplan notes payable offset account(402.9)(286.3)Revolving Credit Facility — floorplan notes payable, net947.1 1,042.4 Other non-manufacturer facilities176.8 212.9 Floorplan notes payable — credit facility and other, net$1,123.9 $1,255.3 FMCC Facility$163.6 $202.0 FMCC Facility offset account— (2.0)FMCC Facility, net163.6 200.0 GM Financial Facility211.0 189.5 Other manufacturer affiliate facilities417.8 377.2 Floorplan notes payable — manufacturer affiliates, net$792.4 $766.7 Floorplan Notes Payable — Credit FacilityRevolving Credit FacilityOn May 30, 2025, in the U.S., the Company entered into an amended revolving syndicated credit arrangement that matures on May 30, 2030, with 18 participating financial institutions (the “Revolving Credit Facility”). In addition to extending the term, the amendment increased the availability from $2.5 billion to $3.5 billion, with the ability to increase to $4.5 billion, subject to lender approval. The Revolving Credit Facility consists of two tranches: (i) a $1.75 billion maximum capacity tranche for U.S. vehicle inventory floorplan financing (“U.S. Floorplan Line”) which the outstanding balance, net of offset account discussed below, is reported in Floorplan notes payable — credit facility and other, net; and (ii) a $1.75 billion maximum capacity tranche (“Acquisition Line”), which is not due until maturity of the Revolving Credit Facility and is therefore classified in Long-term debt on the Condensed