Penske Logistics driver Neil Kirk is among the 32 truck drivers recently named as finalists in the selection process to become Captains for American Trucking Assocations’ 2012-2013 America’s Road Team. This group of professional truck drivers share superior driving skills and safety records, and help spread the word about safety on the highway. [Read more...]
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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 3.375 percent, respectively. Net proceeds of the offering will be used to repay borrowings on PTL’s bank revolver and its credit facility from General Electric Capital Corporation (GECC). This is the third successful offering PTL has completed in 2012. The current offering was managed by Bank of America Merrill Lynch, J.P. Morgan and Wells Fargo Securities. 




