Lithia Motors increases loan commitments to $4.5 billion

By Mary-Katherine Stinson

Lexington, Ky., Feb. 15 – Lithia Motors Inc. entered a fourth amendment to its fourth amended and restated loan agreement with U.S. Bank NA as agent on Feb. 9 to increase the total financing commitment to $4.5 billion from $3.75 billion, according to an 8-K filing with the Securities and Exchange Commission.

The commitments may be further expanded up to $5.5 billion subject to lender approval and other conditions.

Lithia is a Medford, Ore.-based chain of car dealerships.

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