Group 1 Automotive Secures $190.3 Million Term Loan Backed by Properties From Bank of America

Group 1 Automotive entered a master credit agreement to obtain a secured term loan of up to $190.3 million, equal to 85% of the appraised value of pledged properties. The facility, provided by Bank of America, bears interest at Term SOFR plus 145 basis points and does not permit reborrowing of repa…