Lithia Motors Inc. entered into a Seventh Amendment to its Fourth Amended and Restated Loan Agreement with U.S. Bank National Association, as administrative agent, and the lenders. The amendment extends the credit facility’s expiration date to Feb. 27, 2031, with annual one-year extension options subject to lender consent and other conditions. It also allows the company, upon election, to convert its used vehicle and service loaner floorplan facilities to VIN-specific reporting and, upon conversion, sets facility allocations of $2.7 billion for new vehicle floorplan, $1.25 billion for used vehicle floorplan, $150 million for service loaner floorplan, and $2.4 billion for the revolving line of credit. The amendment also removes the Simple SOFR Adjustment.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithia Motors Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001023128-26-000020), on March 04, 2026, and is solely responsible for the information contained therein.
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