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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 Companys 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 OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
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 OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
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 OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
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 OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
Title: | Assistant Treasurer | |||||||||||||||
CLASSIC SPECIAL AUTOMOTIVE, LTD. | ||||||||||||||||
By: | CLASSIC SPECIAL AUTOMOTIVE GP, LLC | |||||||||||||||
Its: | General Partner | |||||||||||||||
By: | /s/ Robert OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
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 OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
Title: | Assistant Treasurer | |||||||||||||||
PAG ORLANDO PARTNERSHIP, LTD. | ||||||||||||||||
By: | PAG ORLANDO GENERAL, INC. | |||||||||||||||
Its: | General Partner | |||||||||||||||
By: | /s/ Robert OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
Title: | Assistant Treasurer | |||||||||||||||
HBL, LLC | ||||||||||||||||
By: | Penske Automotive Group, Inc. | |||||||||||||||
Its: | Sole Member | |||||||||||||||
By: | /s/ Robert OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
Title: | Executive Vice President-Finance | |||||||||||||||
PETER PAN MOTORS, INC. | ||||||||||||||||
By: | /s/ Robert OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
Title: | Assistant Treasurer |
UAG MENTOR ACQUISITION, LLC | ||||||||||||||||
By: | Penske Automotive Group, Inc. | |||||||||||||||
Its: | Sole Member | |||||||||||||||
By: | /s/ Robert OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
Title: | Executive Vice President-Finance | |||||||||||||||
PAG SAN JOSE S1, INC. | ||||||||||||||||
By: | /s/ Robert OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
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 OShaughnessy | |||||||||||||||
Name: | Robert OShaughnessy | |||||||||||||||
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 |