{"schema_version":"secwatch.filing_event.v1","accession":"0001019849-23-000014","form_type":"8-K","ticker":"PAG","cik":"0001019849","company_name":"PENSKE AUTOMOTIVE GROUP, INC.","filed_at":"2023-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.524468+00:00","generated_at":"2026-06-20T00:46:57.250175+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Penske Automotive Group expands UK revolving credit facility to £200M, extends term to Jan 2027","bullets":["UK credit facility increased from £150M to £200M; term extended to Jan 2027 with option to Jan 2028.","Interest rates set at SONIA plus 1.10% to 2.10% on revolving loans.","£100M accordion feature allows UK subs to request additional capacity, subject to lender approval.","Covenants include EBITAR/interest ratio, max capital expenditures, and debt/EBITDA ratio.","BMW Financial, a lender, also provides vehicle purchases, mortgage, floor-plan, and consumer financing to Penske."],"urls":{"canonical":"https://secwatch.observer/filing/0001019849-23-000014","json":"https://secwatch.observer/filing/0001019849-23-000014.json","markdown":"https://secwatch.observer/filing/0001019849-23-000014.md","text":"https://secwatch.observer/filing/0001019849-23-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1019849/000101984923000014/0001019849-23-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1019849/000101984923000014/pag-20230131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:46:57.250175+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":"9f4b2d5f0d6256da2984162f0e4973286635af90","claim":"PENSKE AUTOMOTIVE GROUP, INC. amended U.K. credit agreement with National Westminster Bank Plc and BMW Financial Services (GB) Limited valued at £200.0 million (effective 2023-01-31).","evidence_excerpt":"On January 31, 2023, we amended and restated our revolving credit agreement among our subsidiaries in the U.K. (the \"U.K. subsidiaries\") and National Westminster Bank Plc and BMW Financial Services (GB) Limited (\"BMW Financial\") (the \"U.K. credit agreement\") principally to expand the facility from £150.0 million to £200.0 million, extend the term to January 2027 (with an option to extend the term to January 2028 as described below), and provide additional flexibility with respect to certain operating covenants noted below.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1019849/000101984923000014/0001019849-23-000014-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"National Westminster Bank Plc and BMW Financial Services (GB) Limited"},{"label":"Value","value":"£200.0 million"},{"label":"Effective","value":"2023-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}