New Issue: Paccar Financial prices upsized $400 million 5.2% three-year notes at 60 bps spread

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Paccar Financial Corp. priced $400 million of 5.2% three-year notes on Friday at 99.923 to yield 5.228%, or Treasuries plus 60 basis points, according to an FWP filing with the Securities and Exchange Commission.

The deal was upsized from $350 million.

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

J.P. Morgan Securities LLC, BNP Paribas Securities Corp., BofA Securities, Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC are the bookrunners.

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

Issuer:	Paccar Financial Corp.
Amount:	$400 million
Issue:	Notes, series Q
Maturity:	Nov. 9, 2026
Bookrunners:	J.P. Morgan Securities LLC, BNP Paribas Securities Corp., BofA Securities, Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC
Co-managers:	ANZ Securities, Inc., Mizuho Securities USA LLC, SG Americas Securities, LLC and Siebert Williams Shank & Co., LLC
Coupon:	5.2%
Price:	99.923
Yield:	5.228%
Spread:	Treasuries plus 60 bps
Call option:	Non-callable
Trade date:	Nov. 3
Settlement date:	Nov. 9
Distribution:	SEC registered
Cusip:	69371RS72

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