107 Group 1 Automotive, a Fortune 300 automotive retailer with 203 dealerships in the U.S. and U.K., announced the expansion of its revolving syndicated credit facility by $500 million, bringing the total to $2.5 billion. The facility, which includes 20 financial institutions, will expire in March 2027 and has the potential to increase to $3.0 billion. The facility’s lenders comprise six manufacturer-affiliated finance companies and 14 commercial banks. The manufacturer-affiliated finance companies are Mercedes-Benz Financial Services USA LLC, Toyota Motor Credit Corporation, BMW Financial Services NA, LLC, American Honda Finance Corporation, VW Credit, Inc., and Hyundai Capital America, Inc. The commercial banks involved include U.S. Bank National Association, Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association, PNC Bank, National Association, Comerica Bank, Truist Bank, TD Bank, N.A., Ally Bank, NYCB Specialty Finance Company, LLC, Barclays Bank PLC, Zions Bancorporation, N.A. (dba Amegy Bank), Santander Bank, N.A., and BOKF, NA (dba Bank of Oklahoma). You Might Be Interested In Northwestern Mutual Releases 2023 Sustainability and Social Impact Report, Pledges to Forge “A Better Tomorrow” Citigroup Faces Potential Loan Book Losses in Accelerated Climate Action Scenario Arthur J. Gallagher Sees 4.2% Stock Dip Despite Earnings Beat First American Executive Tanya Ceperley Honored as 2024 HousingWire Finance Leader Automated Tool Identifies and Responds to Hospital Outbreaks, Study Finds UPS Slims Down: Sells Logistics Unit Coyote to RXO for $1 Billion
