September 2019

Penske Truck Leasing Issues $500M 2.7% Senior Notes Due 2024, $300M 3.35% Senior Notes Due 2029

United States - Pennsylvania

Penske Truck Leasing Co., L.P. (PTL) and wholly-owned subsidiary PTL Finance Corporation issued $500 million in 2.7% senior notes due 2024 and $300 million in 3.35% senior notes due 2029 pursuant to Rule 144A. Our firm represented PTL as issuer's counsel in the offering and sale of the senior notes. 

The net proceeds from the offering were used to refinance existing PTL debt and for general corporate purposes.

 

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