PACCAR Financial Corp.
06/16/2025 | Press release | Distributed by Public on 06/16/2025 14:55
Free Writing Prospectus (Form FWP)
| Final Term Sheet | Filed Pursuant to Rule 433 | |
|
Medium-Term Notes, Series R - Fixed Rate June 16, 2025 |
Registration No. 333-283056 |
PACCAR Financial Corp.
Medium-Term Notes, Series R-Fixed Rate
CUSIP #69371RT89
(the "Notes")
We are hereby offering to sell Notes having the terms specified below to you with the assistance of:
☒ U.S. Bancorp Investments, Inc.
☐ BNP Paribas Securities Corp.
☐ BofA Securities, Inc.
☐ ING Financial Markets LLC
☒ J.P. Morgan Securities LLC
☐ Mizuho Securities USA LLC
☒ MUFG Securities Americas Inc.
☐ PNC Capital Markets LLC
☐ RBC Capital Markets, LLC
☒ Santander US Capital Markets LLC
☐ SMBC Nikko Securities America, Inc.
☐ SG Americas Securities, LLC
☐ TD Securities (USA) LLC
☐ Wells Fargo Securities, LLC
☐ Other:
acting as ☒ principal ☐ agent
| at: |
☐ varying prices related to prevailing market prices at the time of resale |
☒ a fixed initial public offering price of 99.960% of the Principal Amount.
| Principal Amount: $400,000,000 | Original Issue Date: June 23, 2025 (T+4) | |
| Agent's Discount or Commission: 0.150% | Final Maturity Date: June 23, 2027 | |
| Net Proceeds to Company: $399,240,000 |
Interest Payment Dates: Semi-annually on each June 23 and December 23, commencing December 23, 2025 Record Dates: June 9 and December 9 preceding the applicable Interest Payment Date |
|
Treasury Benchmark: 3.875% due May 31, 2027
Treasury Yield: 3.971%
Reoffer Spread: T+30bps
Reoffer Yield: 4.271%
Interest Rate: 4.250% per annum
| Redemption: | ||
| ☒ | The Notes may not be redeemed prior to the Maturity Date. | |
| ☐ | The Notes may be redeemed at our option prior to the Maturity Date. | |
| Initial Redemption Date: | ||
| Initial Redemption Percentage: ____% | ||
| Annual Redemption Percentage Reduction: % until Redemption Percentage is 100% of the Principal Amount. | ||
| Repayment: | ||
|
☒ |
The Notes may not be repaid prior to the Maturity Date. |
|
|
☐ |
The Notes may be repaid prior to the Maturity Date at the option of the holder of the Notes. |
|
|
Option Repayment Date(s): |
||
| Currency: | ||
|
Specified Currency: USD (If other than U.S. dollars, see attached) |
||
|
Minimum Denominations: ___________ (Applicable only if Specified Currency is other than U.S. dollars) |
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Exchange Rate Agent: ___________ (Applicable only if Specified Currency is other than U.S. dollars) |
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If Discount Note, check ☐ Issue Price: ____% |
||
Form: ☒ Book-Entry ☐ Certificated
Plan of Distribution:
|
Name |
Title | Principal Amount of Notes | ||||||
|
U.S. Bancorp Investments, Inc. |
Bookrunner | $ | 100,000,000 | |||||
|
J.P. Morgan Securities LLC |
Bookrunner | $ | 100,000,000 | |||||
|
MUFG Securities Americas Inc. |
Bookrunner | $ | 100,000,000 | |||||
|
Santander US Capital Markets LLC |
Bookrunner | $ | 100,000,000 | |||||
|
Total |
$ | 400,000,000 | ||||||
Other Provisions:
N/A
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, U.S. Bancorp Investments, Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., Santander US Capital Markets LLC or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607, J.P. Morgan Securities LLC collect at 1-212-834-4533, MUFG Securities Americas Inc. toll-free at 1-877-649-6848, or Santander US Capital Markets LLC at 1-855-403-3636.
PACCAR Financial Corp. published this content on June 16, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on June 16, 2025 at 20:55 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io