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PROSPECTUS SUPPLEMENT NO. 7
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Filed Pursuant to Rule 424(b)(7) |
(TO PROSPECTUS DATED MAY 16, 2006)
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Registration No. 333-134170 |
$375,000,000
PENSKE AUTOMOTIVE GROUP, INC.
3.5% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2026
SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THE NOTES
This prospectus supplement no. 7 supplements and amends the prospectus dated May 16,
2006 (as so supplemented and amended, the prospectus), relating to the resale from time to
time by certain selling security holders of our 3.5% Convertible Senior Subordinated Notes
due 2026 and shares of our common stock issuable upon conversion of the notes.
This prospectus supplement should be read in conjunction with and accompanied by the
prospectus and is qualified by reference to the prospectus, except to the extent that the
information in this prospectus supplement supersedes the information contained in the
prospectus.
The information appearing in the table below, which is based on information provided by
or on behalf of the named selling security holders, supplements and amends the information
in the table appearing under the heading Selling Security Holders in the prospectus. The
percentage of notes outstanding beneficially owned by each selling security holder is based
on $375,000,000 aggregate initial principal amount of notes outstanding. The number of
shares of common stock owned prior to the offering excludes shares of common stock issuable
upon conversion of the notes.
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Convertible Notes |
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Common Stock |
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Principal Amount of |
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Convertible Notes |
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Percentage of |
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Number of |
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Number of |
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Beneficially Owned |
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Notes |
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Shares |
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Shares |
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and Offered Hereby |
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Outstanding |
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Owned |
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Offered |
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Scott & Stringfellow, Inc. |
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$ |
125,000 |
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* |
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0 |
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0 |
** |
* |
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Less than one percent of the notes outstanding. |
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** |
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The number of shares of common stock offered hereby is calculable
based on the conversion rate applicable to the notes at a point in
time and is presently equivalent to 42.2052 shares of common stock per
$1,000 principal amount of notes and a cash payment in lieu of any
fractional share. |
Investing in the notes and the underlying shares of common stock involves significant
risks. See Risk Factors beginning on page 2 of the prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or passed upon the accuracy or adequacy of this
prospectus supplement or the prospectus. Any representation to the contrary is a criminal
offense.
The date of this prospectus supplement is December 6, 2007.