<SEC-DOCUMENT>0001299933-16-002440.txt : 20160511
<SEC-HEADER>0001299933-16-002440.hdr.sgml : 20160511
<ACCEPTANCE-DATETIME>20160511163104
ACCESSION NUMBER:		0001299933-16-002440
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160511
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160511
DATE AS OF CHANGE:		20160511

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:		161640284

	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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<DESCRIPTION>LIVE FILING
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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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	May 11, 2016
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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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_____________<BR>
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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 May 11, 2016, we agreed to issue and sell $500 million in aggregate principal amount 5.50% Senior Subordinated Notes due 2026 (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 (the "SEC").<br><br>The $500 million aggregate principal amount of Securities are expected to be issued on May 25, 2016, subject to customary closing conditions. We intend to use the net proceeds to repay amounts currently outstanding under our U.S. credit agreement and floor plan debt and for general working capital purposes.<br><br>On May 11, 2016, we filed with the SEC a Prospectus Supplement dated May 11, 2016 in connection with the public offering of the Notes.  A final Prospectus Supplement will be filed with the SEC within the time period required by U.S. securities laws and SEC rules.<br><br>A copy of the press release announcing the pricing of the $500 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.
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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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	May 11, 2016
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	By:
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<I>
	/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 $500.0 MILLION SENIOR SUBORDINATED NOTES</B>



<P align="left" style="font-size: 12pt; text-indent: 4%"><B>BLOOMFIELD HILLS, MI</B>, May&nbsp;11, 2016 &#150; Penske Automotive Group, Inc. (NYSE: PAG), an
international transportation services company, today announced the pricing of $500.0&nbsp;million
aggregate principal amount of fixed rate Senior Subordinated Notes due 2026 (the &#147;2026 Notes&#148;) at
5.5%. The sale of the 2026 Notes, which is subject to customary closing conditions, is expected to
be completed on May&nbsp;25, 2016.


<P align="left" style="font-size: 12pt; text-indent: 4%">The company intends to use the net proceeds of this offering to repay amounts currently
outstanding under the company&#146;s U.S. credit agreement and floor plan debt and for general working
capital purposes.


<P align="left" style="font-size: 12pt; text-indent: 4%">This offering is being made 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, www.sec.gov. 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, 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
Attn: Client Support, 608 2nd Avenue, South Minneapolis, MN 55402, calling toll free at (800)
645-3751, Option 5, or by emailing wfscustomerservice@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 2026 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 SEC. 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: 4%"><FONT style="font-size: 10pt">Penske Automotive Group, Inc</FONT><FONT style="font-size: 12pt">., (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, Canada and Western Europe, and
distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and
services principally in Australia and New Zealand. PAG employs more than 22,000 people worldwide
and is a member of the Fortune 500 and Russell 2000. &nbsp;
</FONT>

<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">J. D. Carlson<BR>
Executive Vice President and<BR>
Chief Financial Officer<BR>
Penske Automotive Group, Inc.<BR>
248-648-2810<BR>
<FONT style="font-size: 10pt">jcarlson@penskeautomotive.com
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 12pt">Anthony R. Pordon<BR>
Executive Vice President Investor<BR>
Relations and Corporate Development<BR>
Penske Automotive Group, Inc.<BR>
248-648-2540<BR></FONT>
<FONT style="font-size: 10pt">tpordon@penskeautomotive.com</FONT></TD>
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<P align="center" style="font-size: 12pt"><FONT style="font-size: 11pt"># # #</FONT>




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