Asbury amends credit facility, raising revolver to $925 million
Asbury Automotive Group amended its 2023 Senior Credit Facility on April 9, 2025, increasing the revolving credit commitments from $500 million to $925 million and the new vehicle floor plan commitments from $1.925 billion to $2.25 billion. The increases take effect only when the previously announced acquisition of the Herb Chambers automotive group closes, so the amendment ties additional borrowing capacity to that deal.
Key points
- Revolving credit commitments rise from $500 million to $925 million
- New vehicle floor plan commitments rise from $1.925 billion to $2.25 billion
- Increases take effect only upon consummation of the Herb Chambers acquisition
- Amendment is filed as Exhibit 10.1 and was signed by CFO Michael D. Welch on April 9, 2025
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 09, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.