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EX-4.2 3 c88559exv4w2.htm EXHIBIT 4.2 Exhibit 4.2
Exhibit 4.2
AMENDED AND RESTATED SUPPLEMENTAL INDENTURE
AMENDED AND RESTATED SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of July 30, 2009, among PAG SAN JOSE S1, INC., AUTOMOTIVE MEDIA HOLDINGS, LLC, PAG ACQUISITION 20, LLC, PAG ACQUISITION 21, LLC, PAG ACQUISITION 22, LLC, PAG ACQUISITION 23, LLC, PAG ACQUISITION 24, LLC, PAG ACQUISITION 25, LLC and PAG ACQUISITION 26, LLC (each a “Guaranteeing Subsidiary”), subsidiaries of Penske Automotive Group, Inc. (or its permitted successor), a Delaware corporation (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and Bank of New York Trust Company, N.A., successor to J.P. Morgan Trust Company, National Association, as trustee under the Indenture referred to below (the “Trustee”).
WITNESSETH
WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of December 7, 2006 providing for the issuance of 7.750% Senior Subordinated Notes due 2016 (the “Notes”);
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide a Guarantee on the terms and subject to the conditions set forth in the Guarantee and in the Indenture including but not limited to Article 13 thereof, including the subordination provisions thereof.
4. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary(ies), as such, shall have any liability for any obligations of the Company or any Guaranteeing Subsidiary(ies) under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes or any Guarantee by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes and this Guarantee.

 

 


 

5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.
8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Company.
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.
Dated as of July 30, 2009
                                 
    SIGNATURES            
 
    PENSKE AUTOMOTIVE GROUP, INC.            
 
                               
    By:   /s/ Robert O’Shaughnessy        
                 
        Name:   Robert O’Shaughnessy    
        Title:   Executive Vice President — Finance and CFO    
 
                               
    GUARANTORS:            
 
                               
    UAG MINNEAPOLIS B1, LLC            
    JS IMPORTS, LLC            
    PALM AUTO PLAZA, LLC            
    WEST PALM NISSAN, LLC            
    UAG BOSTON FMM, LLC            
    UAG BOSTON FMB, LLC            
    UAG BOSTON FML, LLC            
    UAG BOSTON FMR, LLC            
    UAG BOSTON BENTLEY, LLC            
    WEST PALM S1, LLC            
 
                               
    By:   /s/ Robert O’Shaughnessy        
                 
        Name:   Robert O’Shaughnessy    
        Title:   Assistant Treasurer    

 

 


 

                                 
    SCOTTSDALE 101 MANAGEMENT, LLC            
    SCOTTSDALE PAINT & BODY, LLC            
    UAG ACQUISITION 1, LLC            
    UAG ACQUISITION 2, LLC            
    UAG ACQUISITION 3, LLC            
    UAG ACQUISITION 4, LLC            
    UAG ACQUISITION 5, LLC            
    TAMBURRO ENTERPRISES, INC.            
    CLASSIC SPECIAL ADVERSTISING, INC.            
    CLASSIC SPECIAL, LLC            
    CLASSIC SPECIAL AUTOMOTIVE GP, LLC            
 
                               
    By:   /s/ Robert O’Shaughnessy        
                 
        Name:   Robert O’Shaughnessy    
        Title:   Assistant Treasurer    
 
                               
    CLASSIC OLDSMOBILE-PONTIAC-GMC, LTD.            
    CLASSIC SPECIAL HYUNDAI, LTD.            
    HILL COUNTRY IMPORTS, LTD.            
 
                               
        By:   CLASSIC SPECIAL, LLC    
        Its:   General Partner    
 
                               
            By:   /s/ Robert O’Shaughnessy
                 
 
              Name:   Robert O’Shaughnessy            
 
              Title:   Assistant Treasurer            
 
                               
    CLASSIC SPECIAL AUTOMOTIVE, LTD.            
 
                               
        By:   CLASSIC SPECIAL AUTOMOTIVE GP, LLC    
        Its:   General Partner    
 
                               
            By:   /s/ Robert O’Shaughnessy
                 
 
              Name:   Robert O’Shaughnessy            
 
              Title:   Assistant Treasurer            
 
                               
    ADDITIONAL GUARANTORS            
 
                               
    PAG LONG ISLAND M1, LLC            
    PAG LONG ISLAND A1, LLC            
    PAG LONG ISLAND B1, LLC            
    PAG LONG ISLAND L1, LLC            
    TURNERSVILLE AUTO OUTLET, LLC            

 

 


 

                                 
    SMART USA DISTRIBUTOR LLC            
    PAG NORTH SCOTTSDALE BE, LLC            
    PENSKE DIRECT, LLC            
    CYCLE HOLDINGS, LLC            
    PAG TURNERSVILLE AU, LLC            
    PAG ACQUISITION 15, LLC            
    PAG MICHIGAN S1, LLC            
    PAG AUSTIN S1, LLC            
    PAG CLOVIS T1, INC.            
    PAG ORLANDO LIMITED, INC.            
    PAG ORLANDO GENERAL, INC.            
 
                               
    By:   /s/ Robert O’Shaughnessy        
                 
        Name:   Robert O’Shaughnessy    
        Title:   Assistant Treasurer    
 
                               
    PAG ORLANDO PARTNERSHIP, LTD.            
 
                               
        By:   PAG ORLANDO GENERAL, INC.    
        Its:   General Partner    
 
                               
            By:   /s/ Robert O’Shaughnessy
                 
 
              Name:   Robert O’Shaughnessy            
 
              Title:   Assistant Treasurer            
 
                               
    HBL, LLC            
 
                               
        By:   Penske Automotive Group, Inc.    
        Its:   Sole Member    
 
                               
            By:   /s/ Robert O’Shaughnessy
                 
 
              Name:   Robert O’Shaughnessy            
 
              Title:   Executive Vice President-Finance            
 
                               
    PETER PAN MOTORS, INC.            
 
                               
    By:   /s/ Robert O’Shaughnessy        
                 
        Name:   Robert O’Shaughnessy    
        Title:   Assistant Treasurer    

 

 


 

                                 
    UAG MENTOR ACQUISITION, LLC            
 
                               
        By:   Penske Automotive Group, Inc.    
        Its:   Sole Member    
 
                               
            By:   /s/ Robert O’Shaughnessy
                 
 
              Name:   Robert O’Shaughnessy            
 
              Title:   Executive Vice President-Finance            
 
                               
    PAG SAN JOSE S1, INC.            
 
                               
    By:   /s/ Robert O’Shaughnessy        
                 
        Name:   Robert O’Shaughnessy    
        Title:   Assistant Treasurer    
 
                               
    AUTOMOTIVE MEDIA HOLDINGS, LLC            
    PAG ACQUISITION 20, LLC            
    PAG ACQUISITION 21, LLC            
    PAG ACQUISITION 22, LLC            
    PAG ACQUISITION 23, LLC            
    PAG ACQUISITION 24, LLC            
    PAG ACQUISITION 25, LLC            
    PAG ACQUISITION 26, LLC            
 
                               
    By: PENSKE AUTOMOTIVE GROUP, INC.            
    Its: Sole Member            
 
                               
    By:   /s/ Robert O’Shaughnessy        
                 
        Name:   Robert O’Shaughnessy    
        Title:   Executive Vice President — Finance and CFO    
 
                               

 

 


 

                                 
    THE BANK OF NEW YORK TRUST COMPANY, AS TRUSTEE            
 
                               
    By:   /s/ Judy Bartolini        
                 
        Name:   Judy Bartolini    
        Title:   Vice President