HOUSTON — Group 1 Automotive said Thursday a new partner has
joined its existing $1.35 billion revolving credit facility.

The latest to sign on is Volkswagen Credit, which will serve
as a partner to the facility that expired in June 2016.

Commenting on the news, John Rickel, Group 1's senior vice
president and chief financial officer, said, "We are pleased that VW Credit has
joined our existing finance partners in support of our floor plan and
acquisition syndicated credit facility.

"This addition reflects Group 1's growing relationship with
Volkswagen, which has expanded to represent more than eight percent of our
new-vehicle unit sales. We look forward to working with VW Credit, as well as
all of our financial partners in the coming years," he continued.

The lenders in the syndicated facility now consist of five
captive finance companies – Toyota Motor Credit Corp.; BMW Financial Services
NA, LLC; Mercedes-Benz Financial Service USA LLC; Nissan Motor Acceptance Corp.
and VW Credit, Inc., and 17 commercial banks.

The commercial banks are JPMorgan Chase Bank, N.A.; Bank of
America, N.A.; Comerica Bank; U.S. Bank, N.A.; Wells Fargo Bank, N.A.; Capital
One, N.A.; Compass Bank; Key Bank National Association; Mass Mutual Asset
Finance; Bank of the West; Flagstar Bank; Amegy Bank, N.A.; Barclays Bank PLC;
Motors Insurance Corporation; Sovereign Bank; BOKF, NA dba Bank of Oklahoma and
Amarillo National Bank.


Normal
0
false
false
false
EN-US
X-NONE
X-NONE

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:”Times New Roman”;
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;}