Penske Automotive Group (PAG) prices at par a $575M offering of 10-year senior notes with a...

|About: Penske Automotive Group, ... (PAG)|By:, SA News Editor

Penske Automotive Group (PAG) prices at par a $575M offering of 10-year senior notes with a 5.75% coupon. The private offering was upsized from $400M by the company and will be used to pay off its debt.