By Marisa Wong and Cristal Cody
Los Angeles, June 8 – Penske Truck Leasing Co., LP priced $750 million of 4.4% senior notes due July 1, 2027 on June 2 with a spread of Treasuries plus 155 basis points, according to a market source.
Initial price talk was in the Treasuries plus 180 bps area.
BofA Securities Inc., Citizens Capital Markets Inc., Fifth Third Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.
The truck leasing company is based in Reading, Pa.
Issuer: | Penske Truck Leasing Co., LP
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Amount: | $750 million
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Issue: | Senior notes
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Maturity: | July 1, 2027
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Bookrunners: | BofA Securities Inc., Citizens Capital Markets Inc., Fifth Third Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC
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Coupon: | 4.4%
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Spread: | Treasuries plus 155 bps
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Pricing date: | June 2
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Initial price talk: | Treasuries plus 180 bps area
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