New Issue: Paccar Financial sells $300 million 1.1% notes due 2026 at Treasuries plus 30 bps

By Cristal Cody

Chicago, May 4 – Paccar Financial Corp. sold $300 million of 1.1% five-year notes at 99.932 with a Treasuries plus 30 basis points spread, according to a market source and a 424B2 filing with the Securities and Exchange Commission.

The notes, sold Tuesday, priced low to the Treasuries plus 50 bps area talk.

BofA Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and SMBC Nikko Securities America Inc. were the bookrunners.

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

Issuer:	Paccar Financial Corp.
Issue:	Notes
Amount:	$300 million
Maturity:	May 11, 2026
Bookrunners:	BofA Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and SMBC Nikko Securities America Inc.
Co-managers:	Siebert Williams Shank & Co., LLC, Loop Capital Markets LLC and Scotia Capital (USA) Inc.
Coupon:	1.1%
Price:	99.932
Spread:	Treasuries plus 30 bps
Trade date:	May 4
Settlement date:	May 10
Price talk:	Treasuries plus 50 bps area

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