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Group 1 Automotive (GPI) has shared an announcement.
Group 1 Automotive, Inc. has successfully expanded its revolving credit facility by $500 million, with provisions to further increase it by another $500 million, potentially reaching a total size of $3 billion. This strategic financial move, effective as of April 30, 2024, strengthens the company’s borrowing capacity to a robust $2.5 billion and underscores its commitment to growth and operational flexibility.
For detailed information about GPI stock, go to TipRanks’ Stock Analysis page.