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Prospect News home > News index > List of issuers G > Headlines for Group 1 Automotive, Inc. > News item |
Group 1 to repay some bank debt with convertible proceeds
By Sara Rosenberg
New York, June 19 - Group 1 Automotive Inc. plans on repaying a portion of its existing floor plan borrowings under its credit facility using proceeds from a proposed $250 million convertible senior notes offering, according to a company news release.
Group 1 is a Houston-based company that operates in the automotive retailing industry.
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