Penske Automotive Group, Inc. PAG, an international automotive
retailer, today announced that it has completed the redemption of its
outstanding 7.75% Senior Subordinated Notes due 2016 (the “2016 Notes”).
Approximately $57.3 million in aggregate principal amount of the 2016 Notes
had remained outstanding and were redeemed at a price of 103.875%, plus
accrued and unpaid interest to, but excluding, September 27, 2012.
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