Sonic Automotive enters USD 150 million bridge loan with PNC Bank

Reuters04-03

Sonic Automotive enters USD 150 million bridge loan with PNC Bank

Sonic Automotive entered Bridge Facility Credit Agreement with PNC Bank on March 27, 2026.
Facility provides senior unsecured term loan totaling $150 million.
Company drew full $150 million on closing date.
Loan matures 364 days from closing date or upon refinancing of Sonic PNC mortgage facility.
Borrowings accrue interest at Term SOFR + 2.50% or base rate + 1.50%.

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. Sonic Automotive 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: 0001628280-26-023135), on April 02, 2026, and is solely responsible for the information contained therein.

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ID: 0001628280-26-023135), on April 02, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0971096721.USD","symbol_name":"富达环球金融服务 A","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260402:nNDLgcGNS:1","article_id":"2624682392","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624682392","pubTimestamp":1775160676,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Sonic Automotive entered Bridge Facility Credit Agreement with PNC Bank on March 27, 2026.Facility provides senior unsecured term loan totaling $150 million.Company drew full $150 million on closing date.Loan matures 364 days from closing date or upon refinancing of Sonic PNC mortgage facility.Borrowings accrue interest at Term SOFR + 2.50% or base rate + 1.50%.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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