Penske Truck Leasing Welcomes Mitsui as New Investor

Penske Truck Leasing Global Headquarters

Penske Truck Leasing Co., L.P. (“PTL”) today announced that Tokyo-based Mitsui & Co., Ltd. (“Mitsui”) has acquired a 20.0% limited partnership interest in PTL from General Electric Capital Corporation (“GECC”). Following Mitsui’s investment, GECC … [Read more...]

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 closes $450 million asset-backed securitization

Penske Truck Leasing - Volvo Tractor - Full Service Leasing

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 Issues $1.5 Billion in Senior Notes

Penske-Truck-Rental-Commercial-Trucks-2012

Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation announced they have issued an aggregate of $1.5 billion of senior notes in two tranches with 3.5 year and 5.5 year maturities at rates of 2.50 percent and … [Read more...]