Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 23

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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as defined in Note 10. Floorplan Notes Payable) are used for working capital, general corporate and acquisition purposes. As of June 30, 2025, borrowings under the Acquisition Line, a component of the Revolving Credit Facility (as defined in Note 10. Floorplan Notes Payable), totaled $410.0 million. The average interest rate on this facility was 5.67% during the three months ended June 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 June 30, 2025, borrowings outstanding under these facilities totaled $1,218.1 million, gross of debt issuance costs, comprised of $792.5 million in the U.S. and $425.6 million in the U.K., respectively.

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

10. FLOORPLAN NOTES PAYABLE

The Company’s floorplan notes payable consisted of the following (in millions):June 30, 2025December 31, 2024Revolving Credit Facility — floorplan notes payable$1,288.0 $1,328.7 Revolving Credit Facility — floorplan notes payable offset account(321.0)(286.3)Revolving Credit Facility — floorplan notes payable, net967.0 1,042.4 Other non-manufacturer facilities224.1 212.9 Floorplan notes payable — credit facility and other, net$1,191.2 $1,255.3 FMCC Facility$153.2 $202.0 FMCC Facility offset account— (2.0)FMCC Facility, net153.2 200.0 GM Financial Facility173.6 189.5 Other manufacturer affiliate facilities426.9 377.2 Floorplan notes payable — manufacturer affiliates, net$753.8 $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,