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Prospect News home > News index > List of issuers P > Headlines for Penske Truck Leasing Co. LP > News item
Published on 11/15/2022 in the Prospect News Investment Grade Daily.

New Issue: Penske sells $500 million 5.875% five-year notes with 195 bps spread

By Devika Patel and Cristal Cody

Knoxville, Tenn., Nov. 15 – Penske Truck Leasing Co., LP priced $500 million of 5.875% five-year notes at a spread of 195 basis points over Treasuries on Monday, according to a market source.

The truck leasing company is based in Reading, Pa.

Issuer:Penske Truck Leasing Co., LP
Amount:$500 million
Issue:Notes
Tenor:Five years
Coupon:5.875%
Spread:Treasuries plus 195 bps
Trade date:Nov. 14

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