Parties
Company
Penske Truck Leasing Canada Inc.
Bank
RBC Dominion Securities Inc.
Bank
Bank of Montreal
Bank
Bank of Nova Scotia (Scotiabank)
On December 6, 2022, Penske Truck Leasing Canada Inc. completed its C$275 million offering of 5.44% Senior Notes, due December 8, 2025. The notes were guaranteed by Penske Truck Leasing Co., L.P. Fasken advised Penske Canada, with a team led by Gesta Abols, while McCarthy Tétrault advised the underwriters, which included RBC Dominion Securities Inc., BMO, and Scotiabank. The proceeds from the offering were part of Penske’s ongoing financing strategy.
Deal Type
Public/Private OfferingIndustry
TransportationTransaction
$ 275,000,000Deal Status
ClosedClosing Date
06 December 2022