CREDIT AGREEMENT by and among AUTONATION, INC., as Borrower, JPMORGAN CHASE BANK, N.A., as Administrative Agent and as Lender, and BANK OF AMERICA, N.A., as Syndication Agent and as Lender, and MIZUHO CORPORATE BANK, LTD., SUNTRUST BANK, TOYOTA MOTOR...Credit Agreement • December 8th, 2011 • Autonation, Inc. • Retail-auto dealers & gasoline stations • New York
JPMORGAN CHASE BANK, N.A., a national banking association organized and existing under the laws of the United States of America (“JPMorgan Chase Bank”), each other lender signatory hereto on the Closing Date, each Person which may hereafter execute and deliver an Assignment and Assumption with respect to this Agreement pursuant to Section 11.1 and each Person which hereafter becomes an Added Lender pursuant to Section 2.18 (hereinafter JPMorgan Chase Bank and such other lenders and Added Lenders may be referred to individually as a “Lender” or collectively as the “Lenders”); and
AUTONATION ENTERS INTO NEW $1.7 BILLION CREDIT AGREEMENTCredit Agreement • December 8th, 2011 • Autonation, Inc. • Retail-auto dealers & gasoline stations
FORT LAUDERDALE, Fla. (December 7, 2011) — AutoNation, Inc. (NYSE: AN), America’s largest automotive retailer (the “Company”), announced today that it entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility. The new credit agreement contains an accordion feature that allows the Company, subject to credit availability, to increase the amount of the term loan and revolving credit facilities by up to $500 million in the aggregate. The new credit agreement will terminate on December 7, 2016.
