Penske automotive group announces $550 mln senior subordinated notes offering

Penske automotive group announces $550 million senior subordinated notes offering.penske automotive group inc - intends to offer $550 million of fixed rate senior subordinated notes due 2025.penske automotive group - intends to use net proceeds of offering to redeem $550 million 5.75% senior subordinated notes due 2022 on oct 1, 2020.

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