Penske Automotive Group increases revolving credit facility to $1.5B

PENSKE AUTOMOTIVE GROUP, INC.

Revolving borrowing capacity raised from $1.2B to $1.5B via eleventh amendment.
Facility expires September 30, 2027; includes $75M letter of credit sublimit.
Interest rate: adjusted SOFR + 1.50% (collateralized) or +2.00% (uncollateralized).
Up to $400M of borrowings permitted for foreign acquisitions.
Substantially all U.S. subsidiaries guarantee; financial covenants and security interests apply.

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