secwatch.observer — SEC 8-K summary
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Issuer:     PENSKE AUTOMOTIVE GROUP, INC. (PAG)
CIK:        0001019849
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001019849-24-000132
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penske Automotive Group increases revolving credit facility to $1.5B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019849/000101984924000132/0001019849-24-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019849/000101984924000132/pag-20241202.htm
  HTML page:      https://secwatch.observer/filing/0001019849-24-000132

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