24 Aug 2020 Freshfields advises Penske Automotive Group, Inc. in its underwritten offering of $550 million aggregate principal amount of 3.50% Senior Subordinated Notes due 2025 Freshfields has advised Penske Automotive Group, Inc. in its underwritten offering of $550 million aggregate principal amount of 3.50% Senior Subordinated Notes due 2025. Penske Automotive operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, and power systems principally in Australia and New Zealand. The offering closed on August 20, 2020. The Freshfields team consisted of capital markets partner Valerie Ford Jacob (New York), capital markets counsel Brian Lewis (New York) and capital markets associates Brian Bak (London) and Amy Fisher (New York). Special counsel Peter Jaffee (Washington, D.C.) assisted in DR, and tax partner Robert Scarborough and tax counsel Dennis Caracristi (both based in New York) advised on the tax aspects of the transaction. ENDS About Freshfields Bruckhaus Deringer LLP Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our more than 2,800 lawyers deliver results from 27 offices worldwide alongside advice from the leading local firms. Our commitment, local and multinational expertise and business know-how mean our clients rely on us when it matters most. Freshfields is the only firm ranked by Chambers Global in Band 1 across the seven areas of antitrust, corporate/M&A, dispute resolution, international arbitration, tax, employee benefits, and public international law. For more information visit Freshfields.com. For more information contact: Elliott Frieder elliott.frieder@freshfields.com Mobile: +1 973 760 7400 Office: +1 212 230 4664 Downloads The Freshfields team was led by: Share on Twitter Share on LinkedIn Email this newsletter Print this newsletter