Item 8.01 Other Events. On September 14, 2026, AutoNation, Inc. (the “Company”) amended and restated its existing unsecured credit agreement (as amended and restated, the “Fifth Amended and Restated Credit Agreement”) with JPMorgan Chase Bank, N.A., as Administrative Agent, and certain other lenders named therein.…
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
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Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On September 14, 2026, AutoNation, Inc. (the “Company”) amended and restated its existing unsecured credit agreement (as amended and restated, the “Fifth Amended and Restated Credit Agreement”) with JPMorgan Chase Bank, N.A., as Administrative Agent, and certain other lenders named therein. The Fifth Amended and Restated Credit Agreement, among other things, (i) increases the revolving credit facility commitment from $1.9 billion to $2.0 billion, (ii) increases the limit under the accordion feature, which allows the Company, subject to credit availability and certain other conditions, to increase such commitment, together with any added term loans, by up to $1.0 billion in the aggregate (up from $500.0 million under the prior credit agreement), (iii) provides for commitment fees and loan margins as set forth in the Fifth Amended and Restated Credit Agreement, which are the same or lower than the commitment fees and loan margins under the prior credit agreement, and (iv) extends the maturity date to September 14, 2031. The Fifth Amended and Restated Credit Agreement continues to contain (i) a maximum leverage ratio financial covenant of 3.75x (subject to a step-up to 4.25x for four fiscal quarters in the event that the Company completes a material acquisition) and (ii) a minimum interest coverage ratio financial covenant of 3.00x.
The Fifth Amended and Restated Credit Agreement is attached to this report as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Fifth Amended and Restated Credit Agreement is qualified in its entirety by reference to such agreement.
