Nachrichten August 20, 2020

Penske Automotive Group’s $550 Million Senior Subordinated Notes Offering

Shearman & Sterling LLP advised BofA Securities, Inc., as representative of the several underwriters, in connection with Penske Automotive Group, Inc.’s offering of $550 million aggregate principal amount of its 3.50 percent Senior Subordinated Notes due 2025. 

Penske (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, the United Kingdom, 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. Penske is a member of the Fortune 500 and Russell 1000 indexes and is ranked among the World's Most Admired Companies by Fortune Magazine.

The Shearman & Sterling team below also included associate Nicole Bennewies.

The Team