Group 1 buys $30 million in 2.25% convertibles due 2036 for $13.5 million plus interest

By Devika Patel

Knoxville, Tenn., May 8 - Group 1 Automotive, Inc. repurchased $30 million of its 2.25% convertible senior notes due 2036 for $13.5 million plus $100,000 in interest in the first quarter, according to a 10-Q filed Friday with the Securities and Exchange Commission.

The company said it saw a net gain of $74.4 million from these repurchases.

Group 1 is a Houston-based automotive retailer.

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