E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/1/2008 in the Prospect News Investment Grade Daily.

New Issue: Paccar Financial prices $145 million floaters at Libor plus 75 bps

By Jennifer Chiou

New York, April 1 - Paccar Financial Corp. priced $145 million of medium-term floating-rate notes due April 1, 2011, according to a 424B3 filing with the Securities and Exchange Commission.

The notes pay interest quarterly at Libor plus 75 basis points.

Barclays Capital Inc. was the agent.

The Bellevue, Wash.-based finance provider leases trucks and related equipment primarily manufactured by Paccar Inc.

Issuer:Paccar Financial Corp.
Security description:Medium-term floating-rate notes
Amount:$145 million
Maturity:April 1, 2011
Agent:Barclays Capital Inc.
Coupon:Libor plus 75 bps
Price:Par
Call:Non-callable
Pricing date:March 28
Settlement date:April 2
Fees:0.06%

© 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.