Penske Truck Leasing Canada Issues CDN$375 Million in Senior Notes
READING, Pa., Feb. 1, 2013 /CNW/ - Penske Truck LeasingCanada Inc. ("PTL
Canada"), a wholly-owned subsidiary of 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 notes are guaranteed by
PTL and the net proceeds of the offering will be used to repay Canadian
denominated borrowings on PTL's credit facility from General Electric Capital
Corporation ("GECC") and for general corporate purposes.
(Logo: http://photos.prnewswire.com/prnh/20130201/PH52703LOGO )
This is the fifth successful offering PTL has completed since May 2012. The
current offering was managed by RBC Capital Markets and Scotiabank.
The notes were sold to Canadian investors on a private placement basis and
have not have not been registered under the Securities Act of 1933, as
amended, or any state or foreign securities laws, and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the Securities Act and state securities laws.
This is neither an offer to sell nor a solicitation of an offer to purchase
Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint
venture of Penske Corporation, Penske Automotive Group and GECC. A leading
global transportation services provider, PTL operates more than 200,000
vehicles and serves customers from more than 1,000 locations in North America,
South America, Europe and Asia. Product lines include full-service truck
leasing, contract maintenance, commercial and consumer truck rentals, used
truck sales, transportation and warehousing management and supply chain
management solutions. To learn more about PTL's products and services please
visit www.GoPenske.com and our "Move Ahead" blog.
Alen Beljin, +1-610-775-6364, email@example.com, Randy Ryerson,
PRN Photo Desk, firstname.lastname@example.org
SOURCE: Penske Truck Leasing
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-0- Feb/01/2013 14:42 GMT
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