The Official Blog of Penske Transportation Solutions

Penske Truck Leasing Co., L.P. (“PTL”) and its wholly owned subsidiary PTL Finance Corporation announced they have issued an aggregate of $1.1 billion of two-year and 10-year senior notes. The first series matures in 2014 and the second in 2022. The net proceeds from the sale of these notes will be used to refinance existing PTL debt.

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