New Issue: Paccar Financial prices $300 million 1.9% notes due 2023 at 99.925

By Devika Patel

Knoxville, Tenn., Oct. 31 – Paccar Financial Corp. (A1/A+) priced $300 million of 1.9% medium-term notes due Feb. 7, 2023 at a spread of 38 basis points over Treasuries on Thursday, according to an FWP filed with the Securities and Exchange Commission.

The notes priced at 99.995 to yield 1.902%.

BNP Paribas Securities Corp., BofA Securities, Inc., MUFG, ING Financial Markets LLC, Scotia Capital (USA) Inc., Mizuho Securities USA Inc., Rabo Securities USA, Inc. and Westpac 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:	Medium-term notes
Maturity:	Feb. 7, 2023
Bookrunners:	BNP Paribas Securities Corp., BofA Securities, Inc., MUFG, ING Financial Markets LLC, Scotia Capital (USA) Inc., Mizuho Securities USA Inc., Rabo Securities USA, Inc. and Westpac Capital Markets LLC
Coupon:	1.9%
Price:	99.995
Yield:	1.902%
Spread:	Treasuries plus 38 bps
Call:	Non-callable
Trade date:	Oct. 31
Settlement date:	Nov. 7
Ratings:	Moody’s: A1
	S&P: A+
Distribution:	SEC registered

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