Penske Truck Leasing Issues CDN$375 Million in Senior Notes

Penske Truck Leasing Canada Inc. (“PTL Canada”), a wholly-owned subsidiary Penske Truck Leasing Co., L.P. (“PTL”) announced it has issued CDN$375 million of senior notes with a 5 year maturity at a rate of 3.65%.  The series matures in 2018.  The … [Read more...]

Penske Truck Leasing Issues $1.0 Billion in Senior Notes

Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation announced they have issued an aggregate of $1.0 billion of senior notes in two tranches with 5.5 year and 10 year maturities at rates of 2.875% percent and … [Read more...]

Penske Truck Leasing closes $450 million asset-backed securitization

Penske Truck Leasing Co., L.P. (“PTL”) today announced that it completed an initial asset-backed bank conduit facility with a group of six banks for approximately $450 million. The available capacity of the facility is $750 million. PTL expects to … [Read more...]

Penske Truck Leasing Completes $1.7 B in Debt & Equity Transactions

Penske Truck Leasing, Co., L.P. (PTL) Completes $1.7 Billion Debt and Equity Transactions Penske and GE Capital Extend PTL Partnership to 2023 Investment Grade Ratings Received from Fitch, Moody’s and S&P Penske Truck Leasing Co., L.P. … [Read more...]