New Issue: Paccar Financial prices $300 million 2% five-year notes at Treasuries plus 42 bps

By Wendy Van Sickle

Columbus, Ohio, Jan. 31 – Paccar Financial Corp. priced $300 million of 2% five-year notes at 99.877 to yield 2.026%, or Treasuries plus 42 basis points, on Monday, according to an FWP filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. were the bookrunners.

Paccar Financial is a financing arm of Bellevue, Wash.-based Paccar Inc.

Issuer:	Paccar Financial Corp.
Amount:	$300 million
Issue:	Notes
Maturity:	Feb. 4, 2027
Bookrunners:	J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc.
Co-managers:	Loop Capital Markets LLC, Scotia Capital (USA) Inc. and Siebert Williams Shank & Co., LLC
Coupon:	2%
Price:	99.877
Yield:	2.026%
Spread:	Treasuries plus 42 bps
Call option:	Non-callable
Trade date:	Jan. 31
Settlement date:	Feb. 4
Cusip:	69371RR65

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