PACCAR Financial Corp, founded in 1961 and headquartered in Bellevue, Washington, serves as the financial services arm of PACCAR Inc, a global leader in the design and manufacture of heavy-duty trucks. The company provides a wide range of financial products, including retail financing, wholesale financing, and leasing services, tailored to the needs of its customers within the transportation industry.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
PACCAR Financial began its bond issuance program in the early 1990s, allowing the company to diversify its funding sources and support its growing finance operations. Notably, the company issued a significant $500 million bond in 2020, which attracted strong investor interest and showcased its solid credit profile, with current yields remaining competitive with the industry average. PACCAR Financial offers unique features in some of its bonds, such as green financing options tied to environmentally friendly initiatives in trucking.