New Issue: Paccar Financial prices $250 million five-year floaters at Libor plus 60 bps

By Aleesia Forni

Virginia Beach, Dec. 3 - Paccar Financial Corp. priced a $250 million issue of floating-rate notes, series N, due Dec. 6, 2018 at par to yield Libor plus 60 basis points, according to an FWP filed with the Securities and Exchange Commission.

Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA) Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co., Lloyds Securities Inc. and PNC Capital Markets LLC were the bookrunners.

The provider of retail and commercial truck financing for Paccar Inc. is based in Bellevue, Wash.

Issuer:	Paccar Financial Corp.
Amount:	$250 million
Description:	Floating-rate notes, series N
Maturity:	Dec. 6, 2018
Bookrunners:	Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA) Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co., Lloyds Securities Inc., PNC Capital Markets LLC
Coupon:	Libor plus 60 bps
Price:	Par
Yield:	Libor plus 60 bps
Trade date:	Dec. 3
Settlement date:	Dec. 6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.