On October 8, 2024, Penske Truck Leasing Canada Inc. announced the completion of a $150 million exempt distribution of 3.70% Senior Notes due October 1, 2027. The transaction closed on October 1, 2024, and was conducted under National Instrument 45-106 (exempt market rules), with securities sold to accredited investors across multiple Canadian provinces, including Ontario, Québec, British Columbia, Manitoba, and New Brunswick.

Fasken Martineau DuMoulin LLP acted as legal counsel to Penske Truck Leasing Canada Inc. McCarthy Tétrault assisted the underwriters with a team led by Jo-Anna Brimmer, which included Eric Frydrych, Jonathan Leung (Business), Jeff Oldewening, and Kathryn Walker (Tax).

The transaction involved compensation to RBC Dominion Securities Inc., Scotia Capital Inc., and CIBC World Markets Corp., with total commissions of $600,000 paid across the deal. This financing strengthens Penske’s capital structure and supports its ongoing business operations in the Canadian market.