Penske Truck Leasing News

Penske Truck Leasing, Co., L.P. and PTL Finance Corporation Issue $1.75 Billion in Senior Notes

Fri, 11 May 2012 15:04:21 -0400

READING, Pa., May 11, 2012 - Penske Truck Leasing Co., L.P. (PTL) and its wholly owned subsidiary PTL Finance Corporation today announced that they have issued an aggregate of $1.75 billion in senior notes in two equally sized tranches of notes with three- and five-year maturities. The net proceeds from the sale of the notes will be used to refinance existing PTL debt. The offering was managed by J.P. Morgan, Bank of America Merrill Lynch and Wells Fargo Securities.

Penske Truck Leasing, Co., L.P. (PTL) Completes $1.7 Billion Debt and Equity Transactions

Tue, 1 May 2012 09:51:02 -0400

Penske and GE Capital Extend PTL Partnership to 2023; Investment Grade Ratings Received from Fitch, Moody’s and S&P
READING, Pa., April 30, 2012 - Penske Truck Leasing Co., L.P. (PTL) today announced that it has completed a series of transactions that include $700 million of new equity investments from its existing partners, Penske Corporation, Penske Automotive Group and General Electric Capital Corporation, and a new $1.0 billion five-year unsecured senior credit facility with a group of 17 financial institutions. In addition to increasing their investment in PTL, the partners have agreed to extend the term of the partnership to 2023.

Penske Offering Special 2012 Truck Inventory for Quick Delivery

Tue, 25 Oct 2011 13:00:00 -0400

READING, Pa., Oct. 25, 2011 - Penske Truck Leasing today announced that it has brand-new special inventory of 2012 top-of-the-line commercial tractors and trucks available for quick delivery as a part of its full-service truck leasing program.

Penske Truck Leasing’s Major U.S. Fuel Facilities Ready with Bulk DEF by 2012

Mon, 24 Oct 2011 15:00:00 -0400

READING, Pa., Oct. 24, 2011 - Penske Truck Leasing today announced that it will have fully equipped 370 of its major U.S. fueling locations with bulk diesel exhaust fluid (DEF) by early 2012 to accommodate an increasing number of trucks within its fleet using Selective Catalytic Reduction (SCR) technology. Currently, the work has been completed at over 100 locations.

Staples Selects Penske Truck Leasing for Fleet Maintenance of Electric Trucks

Fri, 29 Jul 2011 09:00:00 -0400

READING, Pa., July 29, 2011 - Penske Truck Leasing today announced it is providing commercial truck fleet maintenance services to 53 all-electric, class six trucks for Staples, the world’s largest office products company.