PPP

PACCAR Financial Corp. 2.85% 07-APR-2025

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Overview
Analysis

PCAR5390578 analysis



Key facts


Issuer
PACCAR Financial Corp.
Issue date
Apr 7, 2022
Maturity date
Apr 7, 2025
Outstanding amount
‪400.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
2.85% (Fixed)
Yield to maturity
5.33%
PACCAR Financial Corp. provides financing of manufactured trucks and related equipment sold by authorized dealers. It also finances dealer inventories of transportation equipment and franchises Kenworth and Peterbilt dealerships to engage in full-service and finance leasing. The firm operates through two segments: Retail and Wholesale. The Retail segment consists of retail loans and finance leases, net of unearned interest. The Wholesale segment consists of truck inventory financing loans to dealers that are collateralized by trucks and other collateral. The company was founded on March 31, 1961 and is headquartered in Bellevue, WA.
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