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July 6, 2010

Mercedes-Benz Financial Joins Group 1’s Credit Facility

Group 1 Automotive Inc., a Fortune 500 automotive retailer, announced today that Mercedes-Benz Financial has signed on as a partner to its existing $1.35 billion revolving credit facility that expires in March 2012. Mercedes-Benz Financial replaces BNP Paribas in the syndicated facility.

Tags: Group 1, Mercedes-Benz Financial

June 23, 2009

Group 1 Reduces Ford Motor Credit Financing Capacity

Automotive retailer Group 1 Automotive Inc. said today that it reduced the borrowing capacity under its credit arrangement with Ford Motor Credit Company for floorplan financing from $300 million to $150 million, with no change to the terms or pricing.

Tags: Ford Motor Credit, Group 1

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F&I Magazine - November 2009

In This Issue
Here are some of the Highlights

  • Driving Toward Recovery
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  • Capitalizing on the Used Market
    And much more…

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