Group 1 Automotive (GPI) says it's completed a $1.7B five-year revolving syndicated credit...

|About: Group 1 Automotive Inc. (GPI)|By:, SA News Editor

Group 1 Automotive (GPI) says it's completed a $1.7B five-year revolving syndicated credit facility set to expire in June 2018 and can be expanded to $1.95B in total availability. The revolving facility will provide $1.38B for inventory floorplan financing as well as $320M for working capital, acquisitions and general corporate purposes.