Group 1 Automotive prices $1.25 billion bond offering
Group 1 Automotive ($GPI) priced two $625 million tranches of unsecured senior notes: one paying 6.25% and maturing in 2032, and another paying 6.625% and maturing in 2035. Proceeds will fund the purchase of Hennessy dealership assets and real estate, alongside related expenses. The bond offering is expected to close before the Hennessy acquisition. Sources: Group 1 Automotive — final pricing terms, PR Newswire
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