Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 19

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 a component of the Revolving Credit Facility (as defined in Note 10. Floorplan Notes Payable), totaled $40.0 million. The average interest rate on this facility was 5.71% during the three months ended March 31, 2025. Real Estate Related  The Company has mortgage loans in the U.S. and the U.K. that are paid in installments. As of March 31, 2025, borrowings outstanding under these facilities totaled $1,227.0 million, gross of debt issuance costs, comprised of $814.6 million in the U.S. and $412.4 million in the U.K., respectively.

10. FLOORPLAN NOTES PAYABLE       

The Company’s floorplan notes payable consisted of the following (in millions):March 31, 2025December 31, 2024Revolving Credit Facility — floorplan notes payable$1,282.1 $1,328.7 Revolving Credit Facility — floorplan notes payable offset account(105.1)(286.3)Revolving Credit Facility — floorplan notes payable, net1,177.0 1,042.4 Other non-manufacturer facilities241.2 212.9 Floorplan notes payable — credit facility and other, net$1,418.2 $1,255.3 FMCC Facility$169.2 $202.0 FMCC Facility offset account— (2.0)FMCC Facility, net169.2 200.0 GM Financial Facility160.0 189.5 Other manufacturer affiliate facilities412.6 377.2 Floorplan notes payable — manufacturer affiliates, net$741.8 $766.7 

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

Floorplan Notes Payable — Credit Facility  Revolving Credit FacilityIn the U.S., the Company has a $2.5 billion revolving syndicated credit arrangement with 20 participating financial institutions that matures on March 9, 2027 (the “Revolving Credit Facility”). The Company has the option to increase the availability to $3.0 billion, as further described below. The Revolving Credit Facility consists of two tranches: (i) a $1.5 billion maximum capacity tranche