{"success":true,"data":{"pressRelease":{"id":"150237","rtpr_id":"nPn9WGHQ9a-20260922","ticker":"GPI","exchange":"NYSE","all_tickers":["GPI"],"title":"Group 1 Automotive Closes $1,250.0 Million Offering of Senior Notes","author":"PR Newswire","published_at":"2026-09-22T20:20:00.251Z","article_body":"Group 1 Automotive Closes $1,250.0 Million Offering of Senior Notes\nPR Newswire\n\nHOUSTON, Sept. 22, 2026\n\nHOUSTON, Sept. 22, 2026 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:\nGPI) (\"Group 1\" or the \"Company\"), a Fortune 250 automotive retailer with 249\ndealerships located in the U.S. and U.K., today announced the closing of its\npreviously announced private placement of $625.0 million in aggregate\nprincipal amount of its 6.250% senior unsecured notes due 2032 (the \"2032\nNotes\") and $625.0 million in aggregate principal amount of its 6.625% senior\nunsecured notes due 2035 (the \"2035 Notes\" and, together with the 2032 Notes,\nthe \"Notes\").\n\nThe Company intends to use the net proceeds of the offering, together with\ncash on hand, to fund the purchase price for its previously announced\nacquisition of certain dealership assets and related real estate from Hennessy\nAutomobile Companies, Inc. and certain of its affiliates (the \"Hennessy\nAcquisition\") and to pay related fees and expenses. Pending the closing of the\nHennessy Acquisition, the Company intends to use the net proceeds to repay a\nportion of the outstanding borrowings under the acquisition line under its\nrevolving credit facility, which the Company expects to reborrow at the\nclosing of the Hennessy Acquisition to fund a portion of the purchase price.\n\n\"We are pleased to have closed this offering, which provides us with\nlong-dated capital to fund the Hennessy Acquisition on attractive terms,\" said\nDaniel McHenry, the Company's Chief Financial Officer and CEO of UK\nOperations. \"I want to thank the investors who participated for their\nconfidence in Group 1, as well as our financing partners and the teams across\nour organization whose work made this transaction possible.\"\n\nIf the Hennessy Acquisition is not consummated on or prior to the later of (x)\nJanuary 6, 2027 (the \"Outside Date\") and (y) such date to which the Outside\nDate under the purchase agreement relating to the Hennessy Acquisition may be\nextended in accordance with the terms thereof (such later date, the \"Special\nMandatory Redemption Outside Date\"), or upon the occurrence of certain other\nevents, including the termination of the purchase agreement related to the\nHennessy Acquisition prior to the Special Mandatory Redemption Outside Date,\nthe Company will be required to redeem all of the 2032 Notes then outstanding\nat a redemption price equal to 100% of the initial issue price thereof, plus\naccrued and unpaid interest, if any, from the issue date to, but excluding,\nthe redemption date (the \"Special Mandatory Redemption\"). In that case, the\nCompany intends to use the net proceeds of the offering that are not used to\nfund the Special Mandatory Redemption to repay borrowings under the Company's\nrevolving credit facility and for general corporate purposes.\n\nThe Notes have not been, and will not be, registered under the Securities Act\nof 1933, as amended (the \"Securities Act\"), or any state securities laws, and\nthus, the Notes may not be offered or sold in the United States except\npursuant to an exemption from, or in a transaction not subject to, the\nregistration requirements of the Securities Act and applicable state\nsecurities laws. The Notes were offered and sold to persons reasonably\nbelieved to be qualified institutional buyers in an offering exempt from\nregistration pursuant to Rule 144A under the Securities Act and to non-U.S.\npersons outside of the United States in compliance with Regulation S under the\nSecurities Act. This announcement shall not constitute an offer to sell or a\nsolicitation of an offer to buy any of these Notes or any security, and shall\nnot constitute an offer, solicitation or sale in any jurisdiction in which\nsuch offering, solicitation or sale would be unlawful.\n\nABOUT GROUP 1 AUTOMOTIVE, INC.\n\nGroup 1 owns and operates 249 automotive dealerships, 310 franchises, and 32\ncollision centers in the United States and the United Kingdom that offer 37\nbrands of automobiles. Through its dealerships and omni-channel platform, the\nCompany sells new and used cars and light trucks; arranges related vehicle\nfinancing; sells service contracts; provides automotive maintenance and repair\nservices; and sells vehicle parts.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release contains \"forward-looking statements\" within the meaning of\nthe Private Securities Litigation Reform Act of 1995, which are statements\nrelated to future, not past, events and are based on our current expectations\nand assumptions regarding our business, the economy and other future\nconditions. In this context, the forward-looking statements include statements\nregarding the intended use of proceeds and the pending Hennessy Acquisition.\nThese forward-looking statements often contain words such as \"expects,\"\n\"anticipates,\" \"intends,\" \"plans,\" \"believes,\" \"seeks,\" \"should,\" \"foresee,\"\n\"may\" or \"will\" and similar expressions. While management believes that these\nforward-looking statements are reasonable as and when made, there can be no\nassurance that future developments affecting us will be those that we\nanticipate. Any such forward-looking statements are not assurances of future\nperformance and involve risks and uncertainties that may cause actual results\nto differ materially from those set forth in the statements. These risks and\nuncertainties include, among other things, (a) general economic and business\nconditions, (b) the impacts of sustained levels of inflation, including\nreduced affordability of automobiles for consumers, (c) developments in U.S.\nand global trade policy, including the imposition by the U.S. of significant\ntariffs on the import of automobiles and certain materials used in our parts\nand services business and the resulting consequences (including, but not\nlimited to, retaliatory tariffs by non-U.S. nations, supply chain disruptions,\nvehicle and part cost increases and demand decreases, and potential recessions\nin the U.S. and U.K.) and the passage of the \"One Big Beautiful Bill,\"\nincluding the associated impact on tax deductions in the domestic car industry\nand the elimination of certain clean energy tax credits, which could impact\nincentives for electric vehicle production and sales, (d) the level of\nmanufacturer incentives, (e) our ability to comply with extensive laws,\nregulations and policies applicable to our operations, including BEV mandates\nin the U.K., and their impact on new vehicle demand, (f) our ability to obtain\nan inventory of desirable new and used vehicles (including as a result of\nchanges in the international trade environment), (g) our relationship with our\nautomobile manufacturers and the willingness of manufacturers to approve\nfuture acquisitions, (h) our cost of financing and the availability of credit\nfor consumers, (i) our ability to complete acquisitions and dispositions,\nincluding the pending Hennessy Acquisition, on a timely basis, if at all and\nthe risks associated therewith, (j) our ability to successfully integrate\nrecent and future acquisitions, including the Hennessy Acquisition, and\nrealize the expected benefits from consummated acquisitions, (k) foreign\nexchange controls and currency fluctuations, (l) the armed conflicts in\nUkraine and the Middle East, including that between the U.S. and Iran, (m)\nbroader macroeconomic challenges in the U.K., including inflationary\npressures, fluctuations in interest and foreign exchange rates and overall\neconomic volatility, which could further impact vehicle affordability, demand\nand our financial performance in that market, (n) our ability to maintain\nsufficient liquidity to operate, and (o) a material failure in or breach of\nour vendors' information technology systems and other cybersecurity incidents.\nFor additional information regarding known material factors that could cause\nour actual results to differ from our projected results, please see our\nfilings with the Securities and Exchange Commission, including our Annual\nReport on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on\nForm 8-K. Readers are cautioned not to place undue reliance on forward-looking\nstatements, which speak only as of the date hereof. We undertake no obligation\nto publicly update or revise any forward-looking statements after the date\nthey are made, whether as a result of new information, future events or\notherwise.\n\nInvestor contacts:\n\nDavid Helderman\nSenior Manager, Investor Relations\nGroup 1 Automotive, Inc.\nir@group1auto.com (mailto:ir@group1auto.com)\n\nMedia contacts:\n\nPete DeLongchamps\nSenior Vice President, Manufacturer Relations, Financial Services and\nCorporate Development\nGroup 1 Automotive, Inc.\npdelongchamps@group1auto.com (mailto:pdelongchamps@group1auto.com)\n\nKimberly Barta\nHead of Advertising, Brand and Communications\nGroup 1 Automotive, Inc.\nkbarta@group1auto.com (mailto:kbarta@group1auto.com)\n\nor\n\nJude Gorman / Clayton Erwin\nCollected Strategies\nGroup1-CS@collectedstrategies.com (mailto:Group1-CS@collectedstrategies.com)\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/group-1-automotive-closes-1-250-0-million-offering-of-senior-notes-302886434.html\n(https://www.prnewswire.com/news-releases/group-1-automotive-closes-1-250-0-million-offering-of-senior-notes-302886434.html)\n\nSOURCE Group 1 Automotive, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1848690/Group-1-Logo-Logo.jpg?id=OA2962413\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9WGHQ9a-20260922","title":"Group 1 Automotive Closes $1,250.0 Million Offering of Senior Notes","author":"PR Newswire","ticker":"GPI","created":"2026-09-22T20:20:00.251Z","tickers":["GPI"],"exchange":"NYSE","article_body":"Group 1 Automotive Closes $1,250.0 Million Offering of Senior Notes\nPR Newswire\n\nHOUSTON, Sept. 22, 2026\n\nHOUSTON, Sept. 22, 2026 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:\nGPI) (\"Group 1\" or the \"Company\"), a Fortune 250 automotive retailer with 249\ndealerships located in the U.S. and U.K., today announced the closing of its\npreviously announced private placement of $625.0 million in aggregate\nprincipal amount of its 6.250% senior unsecured notes due 2032 (the \"2032\nNotes\") and $625.0 million in aggregate principal amount of its 6.625% senior\nunsecured notes due 2035 (the \"2035 Notes\" and, together with the 2032 Notes,\nthe \"Notes\").\n\nThe Company intends to use the net proceeds of the offering, together with\ncash on hand, to fund the purchase price for its previously announced\nacquisition of certain dealership assets and related real estate from Hennessy\nAutomobile Companies, Inc. and certain of its affiliates (the \"Hennessy\nAcquisition\") and to pay related fees and expenses. Pending the closing of the\nHennessy Acquisition, the Company intends to use the net proceeds to repay a\nportion of the outstanding borrowings under the acquisition line under its\nrevolving credit facility, which the Company expects to reborrow at the\nclosing of the Hennessy Acquisition to fund a portion of the purchase price.\n\n\"We are pleased to have closed this offering, which provides us with\nlong-dated capital to fund the Hennessy Acquisition on attractive terms,\" said\nDaniel McHenry, the Company's Chief Financial Officer and CEO of UK\nOperations. \"I want to thank the investors who participated for their\nconfidence in Group 1, as well as our financing partners and the teams across\nour organization whose work made this transaction possible.\"\n\nIf the Hennessy Acquisition is not consummated on or prior to the later of (x)\nJanuary 6, 2027 (the \"Outside Date\") and (y) such date to which the Outside\nDate under the purchase agreement relating to the Hennessy Acquisition may be\nextended in accordance with the terms thereof (such later date, the \"Special\nMandatory Redemption Outside Date\"), or upon the occurrence of certain other\nevents, including the termination of the purchase agreement related to the\nHennessy Acquisition prior to the Special Mandatory Redemption Outside Date,\nthe Company will be required to redeem all of the 2032 Notes then outstanding\nat a redemption price equal to 100% of the initial issue price thereof, plus\naccrued and unpaid interest, if any, from the issue date to, but excluding,\nthe redemption date (the \"Special Mandatory Redemption\"). In that case, the\nCompany intends to use the net proceeds of the offering that are not used to\nfund the Special Mandatory Redemption to repay borrowings under the Company's\nrevolving credit facility and for general corporate purposes.\n\nThe Notes have not been, and will not be, registered under the Securities Act\nof 1933, as amended (the \"Securities Act\"), or any state securities laws, and\nthus, the Notes may not be offered or sold in the United States except\npursuant to an exemption from, or in a transaction not subject to, the\nregistration requirements of the Securities Act and applicable state\nsecurities laws. The Notes were offered and sold to persons reasonably\nbelieved to be qualified institutional buyers in an offering exempt from\nregistration pursuant to Rule 144A under the Securities Act and to non-U.S.\npersons outside of the United States in compliance with Regulation S under the\nSecurities Act. This announcement shall not constitute an offer to sell or a\nsolicitation of an offer to buy any of these Notes or any security, and shall\nnot constitute an offer, solicitation or sale in any jurisdiction in which\nsuch offering, solicitation or sale would be unlawful.\n\nABOUT GROUP 1 AUTOMOTIVE, INC.\n\nGroup 1 owns and operates 249 automotive dealerships, 310 franchises, and 32\ncollision centers in the United States and the United Kingdom that offer 37\nbrands of automobiles. Through its dealerships and omni-channel platform, the\nCompany sells new and used cars and light trucks; arranges related vehicle\nfinancing; sells service contracts; provides automotive maintenance and repair\nservices; and sells vehicle parts.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release contains \"forward-looking statements\" within the meaning of\nthe Private Securities Litigation Reform Act of 1995, which are statements\nrelated to future, not past, events and are based on our current expectations\nand assumptions regarding our business, the economy and other future\nconditions. In this context, the forward-looking statements include statements\nregarding the intended use of proceeds and the pending Hennessy Acquisition.\nThese forward-looking statements often contain words such as \"expects,\"\n\"anticipates,\" \"intends,\" \"plans,\" \"believes,\" \"seeks,\" \"should,\" \"foresee,\"\n\"may\" or \"will\" and similar expressions. While management believes that these\nforward-looking statements are reasonable as and when made, there can be no\nassurance that future developments affecting us will be those that we\nanticipate. Any such forward-looking statements are not assurances of future\nperformance and involve risks and uncertainties that may cause actual results\nto differ materially from those set forth in the statements. These risks and\nuncertainties include, among other things, (a) general economic and business\nconditions, (b) the impacts of sustained levels of inflation, including\nreduced affordability of automobiles for consumers, (c) developments in U.S.\nand global trade policy, including the imposition by the U.S. of significant\ntariffs on the import of automobiles and certain materials used in our parts\nand services business and the resulting consequences (including, but not\nlimited to, retaliatory tariffs by non-U.S. nations, supply chain disruptions,\nvehicle and part cost increases and demand decreases, and potential recessions\nin the U.S. and U.K.) and the passage of the \"One Big Beautiful Bill,\"\nincluding the associated impact on tax deductions in the domestic car industry\nand the elimination of certain clean energy tax credits, which could impact\nincentives for electric vehicle production and sales, (d) the level of\nmanufacturer incentives, (e) our ability to comply with extensive laws,\nregulations and policies applicable to our operations, including BEV mandates\nin the U.K., and their impact on new vehicle demand, (f) our ability to obtain\nan inventory of desirable new and used vehicles (including as a result of\nchanges in the international trade environment), (g) our relationship with our\nautomobile manufacturers and the willingness of manufacturers to approve\nfuture acquisitions, (h) our cost of financing and the availability of credit\nfor consumers, (i) our ability to complete acquisitions and dispositions,\nincluding the pending Hennessy Acquisition, on a timely basis, if at all and\nthe risks associated therewith, (j) our ability to successfully integrate\nrecent and future acquisitions, including the Hennessy Acquisition, and\nrealize the expected benefits from consummated acquisitions, (k) foreign\nexchange controls and currency fluctuations, (l) the armed conflicts in\nUkraine and the Middle East, including that between the U.S. and Iran, (m)\nbroader macroeconomic challenges in the U.K., including inflationary\npressures, fluctuations in interest and foreign exchange rates and overall\neconomic volatility, which could further impact vehicle affordability, demand\nand our financial performance in that market, (n) our ability to maintain\nsufficient liquidity to operate, and (o) a material failure in or breach of\nour vendors' information technology systems and other cybersecurity incidents.\nFor additional information regarding known material factors that could cause\nour actual results to differ from our projected results, please see our\nfilings with the Securities and Exchange Commission, including our Annual\nReport on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on\nForm 8-K. Readers are cautioned not to place undue reliance on forward-looking\nstatements, which speak only as of the date hereof. We undertake no obligation\nto publicly update or revise any forward-looking statements after the date\nthey are made, whether as a result of new information, future events or\notherwise.\n\nInvestor contacts:\n\nDavid Helderman\nSenior Manager, Investor Relations\nGroup 1 Automotive, Inc.\nir@group1auto.com (mailto:ir@group1auto.com)\n\nMedia contacts:\n\nPete DeLongchamps\nSenior Vice President, Manufacturer Relations, Financial Services and\nCorporate Development\nGroup 1 Automotive, Inc.\npdelongchamps@group1auto.com (mailto:pdelongchamps@group1auto.com)\n\nKimberly Barta\nHead of Advertising, Brand and Communications\nGroup 1 Automotive, Inc.\nkbarta@group1auto.com (mailto:kbarta@group1auto.com)\n\nor\n\nJude Gorman / Clayton Erwin\nCollected Strategies\nGroup1-CS@collectedstrategies.com (mailto:Group1-CS@collectedstrategies.com)\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/group-1-automotive-closes-1-250-0-million-offering-of-senior-notes-302886434.html\n(https://www.prnewswire.com/news-releases/group-1-automotive-closes-1-250-0-million-offering-of-senior-notes-302886434.html)\n\nSOURCE Group 1 Automotive, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1848690/Group-1-Logo-Logo.jpg?id=OA2962413\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-22T20:20:00.299643023Z","server_sent_at_ms":1790108400299},"received_at":"2026-09-22T20:20:00.355Z","source_url":"https://www.prnewswire.com/news-releases/group-1-automotive-closes-1-250-0-million-offering-of-senior-notes-302886434.html"},"analysis":{"id":"139039","press_release_id":"150237","analysis_json":{"industry":{"label":"Automotive Retail","sector":"Consumer Discretionary"},"redFlags":["special mandatory redemption triggered if Hennessy Acquisition fails to close by outside date"],"eventType":"debt_offering","narrative":"Group 1 Automotive closed a $1.25 billion private placement of senior unsecured notes: $625.0 million of 6.250% notes due 2032 and $625.0 million of 6.625% notes due 2035.\n\nProceeds, plus cash on hand, will fund the previously announced acquisition of dealership assets and real estate from Hennessy Automobile Companies; pending that closing, proceeds will temporarily pay down revolver borrowings.\n\nIf the Hennessy Acquisition does not close by the outside date (generally January 6, 2027), the notes carry a special mandatory redemption at 100% of issue price plus accrued interest.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Dealership consolidation funded with long-dated debt at 6.25-6.625% -- monitor Hennessy deal closing."},"keyFigures":{"dealValueUsd":1250000000,"customDimensions":{"dealerships":249,"tranche_2032":"$625.0 million 6.250% senior unsecured notes due 2032","tranche_2035":"$625.0 million 6.625% senior unsecured notes due 2035"}},"quotedText":"We are pleased to have closed this offering, which provides us with long-dated capital to fund the Hennessy Acquisition on attractive terms","namedEntities":{"people":[{"name":"Daniel McHenry","role":"CFO and CEO of UK Operations"}],"products":[],"companies":[{"name":"Group 1 Automotive, Inc.","ticker":"GPI","relationship":"issuer"},{"name":"Hennessy Automobile Companies, Inc.","relationship":"acquisition target"}],"dollarAmounts":[{"amount":"$625.0 million","context":"6.250% senior unsecured notes due 2032"},{"amount":"$625.0 million","context":"6.625% senior unsecured notes due 2035"},{"amount":"$1,250.0 Million","context":"total senior notes offering"}]},"materialImpact":{"score":3,"reasoning":"Closing of a $1.25B two-tranche senior unsecured notes offering to fund the previously announced Hennessy dealership acquisition. Execution of planned financing is a solid but anticipated step, not a surprise."},"tickerRelevance":{"others":[],"primary":"GPI"},"globalImportance":30,"audienceRelevance":25,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"large-cap-auto-retailer","eventGravity":"planned-debt-closing","eventGravityNote":"financing execution, not new strategy","marketCapAdjustment":"Fortune 250 filer but routine capital markets step"}},"event_type":"debt_offering","event_type_secondary":["m_and_a"],"sentiment":"bullish","material_impact_score":3,"narrative":"Group 1 Automotive closed a $1.25 billion private placement of senior unsecured notes: $625.0 million of 6.250% notes due 2032 and $625.0 million of 6.625% notes due 2035.\n\nProceeds, plus cash on hand, will fund the previously announced acquisition of dealership assets and real estate from Hennessy Automobile Companies; pending that closing, proceeds will temporarily pay down revolver borrowings.\n\nIf the Hennessy Acquisition does not close by the outside date (generally January 6, 2027), the notes carry a special mandatory redemption at 100% of issue price plus accrued interest.","key_figures":{"dealValueUsd":1250000000,"customDimensions":{"dealerships":249,"tranche_2032":"$625.0 million 6.250% senior unsecured notes due 2032","tranche_2035":"$625.0 million 6.625% senior unsecured notes due 2035"}},"named_entities":{"people":[{"name":"Daniel McHenry","role":"CFO and CEO of UK Operations"}],"products":[],"companies":[{"name":"Group 1 Automotive, Inc.","ticker":"GPI","relationship":"issuer"},{"name":"Hennessy Automobile Companies, Inc.","relationship":"acquisition target"}],"dollarAmounts":[{"amount":"$625.0 million","context":"6.250% senior unsecured notes due 2032"},{"amount":"$625.0 million","context":"6.625% senior unsecured notes due 2035"},{"amount":"$1,250.0 Million","context":"total senior notes offering"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-22T20:20:06.278Z","global_importance":30,"audience_relevance":25,"importance_components":{"tickerTier":"large-cap-auto-retailer","eventGravity":"planned-debt-closing","eventGravityNote":"financing execution, not new strategy","marketCapAdjustment":"Fortune 250 filer but routine capital markets step"}},"durationMs":5909,"modelName":"glm-5.3-flashx"}}