New Issue: Paccar Financial prices $300 million 2.15% five-year notes at 67 bps over Treasuries

By Cristal Cody

Tupelo, Miss., Aug. 8 – Paccar Financial Corp. (A1/A+) priced $300 million of 2.15% five-year medium-term notes at 99.779 to yield 2.197% and a spread of Treasuries plus 67 basis points on Thursday, according to an FWP filing with the Securities and Exchange Commission.

MUFG, RBC Capital Markets, LLC, U.S. Bancorp Investments, Wells Fargo Securities, LLC, Mizuho Securities USA LLC, Williams Capital Group, LP and Loop Capital Markets LLC were the bookrunners.

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

Issuer:	Paccar Financial Corp.
Amount:	$300 million
Description:	Series P medium-term fixed-rate notes
Maturity:	Aug. 15, 2024
Bookrunners:	MUFG, RBC Capital Markets, LLC, U.S. Bancorp Investments, Wells Fargo Securities, LLC, Mizuho Securities USA LLC, Williams Capital Group, LP and Loop Capital Markets LLC
Coupon:	2.15%
Price:	99.779
Yield:	2.197%
Spread:	Treasuries plus 67 bps
Call feature:	None
Trade date:	Aug. 8
Settlement date:	Aug. 15
Ratings:	Moody’s: A1
	S&P: A+
Distribution:	SEC registered

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