By Andrea Heisinger
New York, Sept. 14 - Paccar, Inc. sold $120 million three-year floating-rate notes at par to yield three-month Libor plus 117.4 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (A1/AA-) are non-callable.
Goldman Sachs & Co. was the bookrunner.
The maker of heavy-duty trucks is based in Bellevue, Wash.
| Issuer: | Paccar, Inc.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $120 million
|
| Maturity: | Sept. 14, 2012
|
| Bookrunner: | Goldman Sachs & Co.
|
| Coupon: | Three-month Libor plus 117.4 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 117.4 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 11
|
| Settlement date: | Sept. 16
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA-
|
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