Penske Automotive Group Inc, founded in 1990 and headquartered in Bloomfield Township, Michigan, is a leading international transportation services company primarily focused on automotive retail and logistics. The company operates a diverse portfolio of retail automotive franchises and provides innovative vehicle sales solutions through its state-of-the-art dealerships and e-commerce platforms.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PAG 3.50% 2025-09-01 USDPenske Automotive Group Inc | United States | 2025-09-01 | 3.500 | -14.66 |
| PAG 3.75% 2029-06-15 USDPenske Automotive Group Inc | United States | 2029-06-15 | 3.750 | 4.94 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Penske Automotive Group has a history of bond issuance dating back to its public offerings in the early 2000s, with notable issuances including a $300 million senior note offering in 2019 aimed at supporting growth and refinancing existing debt. The company’s current bond yields are competitive within the automotive retail sector, reflecting its strong credit profile. As of late 2023, Penske has been active in the bond market, leveraging favorable interest rates to enhance liquidity, with features such as call options that provide flexibility for future refinancing activities.