Group 1 Automotive Prices $1.25 Billion Notes for Hennessy Deal
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Houston – September 12, 2026 -- Group 1 Automotive, Inc. (NYSE: GPI) has priced $1.25 billion in senior unsecured notes to fund its acquisition of Hennessy Automobile Companies' dealership assets and real estate.
Group 1 splits offering into two tranches maturing in 2032 and 2035
The Fortune 250 automotive retailer priced $625.0 million of 6.250% senior unsecured notes due 2032 and $625.0 million of 6.625% senior unsecured notes due 2035. The private placement, sold under Rule 144A and Regulation S exemptions, is expected to close on September 22, 2026, subject to customary conditions.