March 2017

Penske Truck Leasing Company Issues $500M of Senior Notes

United States - Pennsylvania

Penske Truck Leasing Company and its wholly owned subsidiary, PTL Finance Corporation, issued $500 million of 4.200% Senior Notes due 2027 pursuant to Rule 144A. The net proceeds from the sale of the notes were used to refinance existing PTL debt. Our firm represented Penske in the transaction.

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