Published on 12/3/2013 in the Prospect News Investment Grade Daily.
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.
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Amount: | $250 million
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Description: | Floating-rate notes, series N
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Maturity: | Dec. 6, 2018
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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
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Coupon: | Libor plus 60 bps
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Price: | Par
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Yield: | Libor plus 60 bps
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Trade date: | Dec. 3
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Settlement date: | Dec. 6
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