September 2019

Penske Truck Leasing Completes Senior Notes Offering

United States - Pennsylvania

Penske Truck Leasing Co. LP (PTL) 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 indebtedness and for general corporate purposes.

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