April 2020

Penske Truck Leasing, Wholly Owned Subsidiary Issue $500M 4.000% Senior Notes Due 2025

Penske Truck Leasing Co., L.P. (PTL) and its wholly owned subsidiary, PTL Finance Corp., issued $500 million of 4.000% senior notes due 2025 pursuant to Rule 144A. Faegre Drinker represented PTL in the offering.

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

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