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Group 1 Automotive Closes Senior Notes Offering

Group 1 Automotive Announces Pricing of an Additional $200 Million Offering of its 4.000% Senior Notes Due 2028 Background Image

Vinson & Elkins advised Group 1 Automotive, Inc. (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, in its private placement of $200 million in aggregate principal amount of its 4.000% senior unsecured notes due 2028 (the “New Notes”).

The New Notes will be sold to investors at an offering price of 100.250% of the principal amount, which implies an effective yield to maturity of approximately 3.957%. The offering closed on October 21, 2021.

The V&E corporate team was led by partners Gillian Hobson and David Stone and senior associate Andrew Schulte, with assistance from associates Shane Copelin and Zac Horne. Also advising were partner Wendy Salinas and associate Olivia Sher; partner Shane Tucker and senior associate Melissa Spohn; partner Palmina Fava and senior associate Brian Howard; counsel Larry Pechacek and associate Kevin Moscon; and partner Quentin Smith and associate Aurra Fellows.

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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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