Penske automotive group announces $500 million senior subordinated notes offering

Bloomfield hills, mich., may 25, 2021 /prnewswire/ -- penske automotive group, inc., (nyse:pag) a diversified international transportation services company, today announced that it intends to offer $500 million aggregate principal amount of fixed rate senior subordinated notes due 2029 (the "2029 notes"), subject to market and other customary closing conditions, pursuant to an effective shelf registration statement filed with the securities and exchange commission ("sec").
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