<SEC-DOCUMENT>0001299933-14-001779.txt : 20141118
<SEC-HEADER>0001299933-14-001779.hdr.sgml : 20141118
<ACCEPTANCE-DATETIME>20141118163629
ACCESSION NUMBER:		0001299933-14-001779
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141118
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141118
DATE AS OF CHANGE:		20141118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENSKE AUTOMOTIVE GROUP, INC.
		CENTRAL INDEX KEY:			0001019849
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				223086739
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12297
		FILM NUMBER:		141232338

	BUSINESS ADDRESS:	
		STREET 1:		2555 TELEGRAPH RD
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48302-0954
		BUSINESS PHONE:		248-648-2500

	MAIL ADDRESS:	
		STREET 1:		2555 TELEGRAPH RD
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48302-0954

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED AUTO GROUP INC
		DATE OF NAME CHANGE:	19960726
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<TYPE>8-K
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<TITLE> Penske Automotive Group, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	November 18, 2014
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	Penske Automotive Group, Inc.
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	(Exact name of registrant as specified in its charter)
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	Delaware
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	1-12297
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	22-3086739
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_____________________<BR>
	(State or other jurisdiction
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	of incorporation)
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	File Number)
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	Identification No.)
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	2555 Telegraph Road, Bloomfield Hills, Michigan
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	48302
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_________________________________<BR>
	(Address of principal executive offices)
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	248-648-2500
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 8.01 Other Events.
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On November 18, 2014, we agreed to issue and sell $300 million in aggregate principal amount 5.375% Senior Subordinated Notes due 2024 (the "Notes") together with related guarantees by our domestic wholly owned subsidiaries (the "Guarantees" and; together with the Notes, the "Securities") pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.<br><br>The $300 million aggregate principal amount of Securities are expected to be issued on November 21, 2014, subject to customary closing conditions. We intend to use the proceeds to repay amounts currently outstanding our U.S. credit agreement, for general working capital purposes and to pay fees and expenses in connection with the offering.<br><br>A copy of the press release announcing the pricing of the $300 million aggregate principal amount of Securities is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.<br>
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	Item 9.01 Financial Statements and Exhibits.
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99.1 Press release
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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	Penske Automotive Group, Inc.
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	November 18, 2014
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	By:
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	/s/ Shane M. Spradlin
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	Name: Shane M. Spradlin
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	Title: Executive Vice President
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	Exhibit&nbsp;Index
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	99.1
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Press Release
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt"><U><B>FOR IMMEDIATE RELEASE</B></U>
</FONT>

<P align="center" style="font-size: 12pt"><B>PENSKE AUTOMOTIVE GROUP ANNOUNCES<BR>
PRICING OF $300.0 MILLION SENIOR SUBORDINATED NOTES</B>



<P align="left" style="font-size: 12pt; text-indent: 4%"><B>BLOOMFIELD HILLS, MI</B>, November&nbsp;18, 2014 &#150; Penske Automotive Group, Inc. (NYSE: PAG), an
international transportation services company, today announced the pricing of $300.0&nbsp;million
aggregate principal amount of fixed rate Senior Subordinated Notes due 2024 (the &#147;2024 Notes&#148;) at
5.375%. The sale of the 2024 Notes, which is subject to customary closing conditions, is expected
to be completed on November&nbsp;21, 2014.


<P align="left" style="font-size: 12pt; text-indent: 4%">The company intends to use the net proceeds from the 2024 Notes to repay amounts currently
outstanding under the company&#146;s U.S. credit agreement, for general working capital purposes, and to
pay fees and expenses in connection with the offering.


<P align="left" style="font-size: 12pt; text-indent: 4%">The 2024 Notes are being offered solely by means of a prospectus supplement and accompanying
prospectus, which has been filed with the SEC. A copy of the prospectus for the offering may be
obtained on the SEC&#146;s website, <U>www.sec.gov</U>. Alternatively, you may request it by
contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated at dg.prospectus&#151;requests@baml.com or
calling toll-free 1-800-294-1322, RBS Securities Inc. at 1-866-884-2071, J.P. Morgan Securities LLC
at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NJ 11717 or call
866-803-9204, or Wells Fargo Securities, LLC at 1-800-326-5897 or cmclientsupport@wellsfargo.com.


<P align="left" style="font-size: 12pt; text-indent: 4%">This press release does not constitute an offer to sell or a solicitation of an offer to buy
the securities described herein, and shall not constitute an offer, solicitation or sale in any
state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.


<P align="left" style="font-size: 12pt"><U><B>Safe Harbor Statement</B></U>


<P align="left" style="font-size: 12pt; text-indent: 4%">This press release contains forward-looking statements regarding the company&#146;s proposed
offering of the 2024 Notes. The forward-looking statements in this release are based on information
available at the time the statements are made and/or management&#146;s belief as of that time with
respect to future events and involve risks and uncertainties that could cause actual results and
outcomes to be materially different. These factors include, but are not limited to, successful
negotiation of definitive documentation for the financing arrangement and satisfaction or waiver of
all conditions to closing. The consummation of the transaction may also be impacted by the other
risks and uncertainties detailed in the company&#146;s filings with the Securities and Exchange
Commission. While the company may elect to update forward-looking statements in the future, it
specifically disclaims any obligation to do so, and therefore, you should not rely on these
forward-looking statements as representing our views as of any date subsequent to today.


<P align="left" style="font-size: 12pt"><U><B>About Penske Automotive</B></U>


<P align="left" style="font-size: 12pt; text-indent: 5%"><U>Penske Automotive Group, Inc</U>., (NYSE: PAG) headquartered in Bloomfield Hills,
Michigan, is an international transportation services company that operates automotive and
commercial truck dealerships principally in the United States and Western Europe, and distributes
commercial vehicles, diesel engines, gas engines, power systems and related parts and services
principally in Australia and New Zealand.&nbsp;


<P align="left" style="font-size: 12pt">Inquiries should contact:

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">David K. Jones<BR>
Executive Vice President and<BR>
Chief Financial Officer<BR>
Penske Automotive Group, Inc.<BR>
248-648-2800<BR>
dave.jones@penskeautomotive.com
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Anthony R. Pordon<BR>
Executive Vice President Investor Relations<BR>
and Corporate Development<BR>
Penske Automotive Group, Inc.<BR>
248-648-2540<BR>
tpordon@penskeautomotive.com</TD>
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<P align="center" style="font-size: 12pt"><FONT style="font-size: 11pt"># # #</FONT>




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