{"schema_version":"secwatch.filing_event.v1","accession":"0001019849-23-000004","form_type":"8-K","ticker":"PAG","cik":"0001019849","company_name":"PENSKE AUTOMOTIVE GROUP, INC.","filed_at":"2023-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.523672+00:00","generated_at":"2026-06-20T18:32:29.249104+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Penske Automotive reduces non-use fee on $800M credit facility from 0.30% to 0.20%","bullets":["Ninth Amendment to US credit agreement lowers non-use fee on available but unused commitments from 0.30% to 0.20% per annum.","The $800M revolving credit facility also includes $50M letters of credit, matures September 30, 2025.","Interest rate is LIBOR+1.50% (plus 1.50% incremental for uncollateralized borrowings beyond borrowing base).","Lenders include affiliates of Mercedes-Benz and Toyota; the company has ongoing vehicle purchasing and floor-plan relationships."],"urls":{"canonical":"https://secwatch.observer/filing/0001019849-23-000004","json":"https://secwatch.observer/filing/0001019849-23-000004.json","markdown":"https://secwatch.observer/filing/0001019849-23-000004.md","text":"https://secwatch.observer/filing/0001019849-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1019849/000101984923000004/0001019849-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1019849/000101984923000004/pag-20230101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T18:32:29.249104+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"02f4ab87545f2ef2c36586c2c1c60bad4b46e03c","claim":"PENSKE AUTOMOTIVE GROUP, INC. amended Ninth Amendment with Mercedes-Benz Financial Services USA LLC and Toyota Motor Credit Corporation (effective 2023-01-01).","evidence_excerpt":"On January 1, 2023, we entered into the Ninth Amendment (the “Amendment”) to our U.S. credit agreement with Mercedes-Benz Financial Services USA LLC and Toyota Motor Credit Corporation","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1019849/000101984923000004/0001019849-23-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Mercedes-Benz Financial Services USA LLC and Toyota Motor Credit Corporation"},{"label":"Effective","value":"2023-01-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}