New Issue: Paccar Financial sells $300 million 4.6% five-year notes at Treasuries plus 78 bps

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Paccar Financial Corp. priced $300 million of 4.6% five-year notes on Wednesday at 99.832 to yield 4.638%, or Treasuries plus 78 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes are not redeemable or otherwise repayable prior to maturity.

J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and U.S. Bancorp Investments, Inc. are the bookrunners.

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

Issuer:	Paccar Financial Corp.
Amount:	$300 million
Issue:	Notes, series Q
Maturity:	Jan. 10, 2028
Bookrunners:	J.P. Morgan Securities LLC, BofA Securities, Inc., SMBC Nikko Securities America, Inc. and U.S. Bancorp Investments, Inc.
Co-managers:	Loop Capital Markets LLC, Scotia Capital (USA) Inc. and Siebert Williams Shank & Co., LLC
Coupon:	4.6%
Price:	99.832
Yield:	4.638%
Spread:	Treasuries plus 78 bps
Call option:	Non-callable
Trade date:	Jan. 4
Settlement date:	Jan. 10
Distribution:	SEC registered
Cusip:	69371RS31

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