By Cristal Cody
Eureka Springs, Ark., Nov. 7 – Paccar Financial Corp. (A1/A+) sold $100 million of series O three-year medium-term floating-rate notes at par to yield Libor plus 32 basis points on Monday, according to an FWP filing with the Securities and Exchange Commission.
The notes are non-callable.
BofA Merrill Lynch was the bookrunner for the offering.
Paccar Financial is a financing arm of Bellevue, Wash.-based Paccar Inc.
| Issuer: | Paccar Financial Corp.
|
| Amount: | $100 million
|
| Description: | Medium-term floating-rate notes
|
| Maturity: | Nov. 8, 2019
|
| Bookrunner: | BofA Merrill Lynch
|
| Coupon: | Libor plus 32 bps
|
| Price: | Par
|
| Yield: | Libor plus 32 bps
|
| Call feature: | None
|
| Trade date: | Nov. 7
|
| Settlement date: | Nov. 10
|
| Ratings: | Moody’s: A1
|
| S&P: A+
|
| Distribution: | SEC registered
|
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