Lithia Motors amends loan agreement, extends credit facility to February 27, 2031
Lithia Motors entered into a Seventh Amendment to its Fourth Amended and Restated Loan Agreement with U.S. Bank National Association as administrative agent, dated February 27, 2026. The amendment extends the credit facility's expiration date to February 27, 2031, and resets the financing commitment allocations across floorplan and revolving credit lines. For shareholders, the filing describes a longer-dated credit facility and changes to how financing is allocated, but it does not state any new borrowing amount or cost.
Key points
- Credit facility expiration extended to February 27, 2031, with annual 1-year extension options subject to lender consent and other conditions
- Upon election to convert to VIN-specific reporting, New Vehicle Floorplan $2.7 billion, Used Vehicle Floorplan $1.25 billion, Service Loaner Floorplan $150 million, Revolving Line of Credit $2.4 billion
- Simple SOFR Adjustment removed from the agreement
The filing
Written by AI on Nov 8, 2026, 12:57 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 March 04, 2026.
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.