0001193125-15-075272.txt : 20150303 0001193125-15-075272.hdr.sgml : 20150303 20150303170856 ACCESSION NUMBER: 0001193125-15-075272 CONFORMED SUBMISSION TYPE: 424B2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150303 DATE AS OF CHANGE: 20150303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACCAR FINANCIAL CORP CENTRAL INDEX KEY: 0000731288 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 916029712 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: 1933 Act SEC FILE NUMBER: 333-184808 FILM NUMBER: 15670158 BUSINESS ADDRESS: STREET 1: 777 106TH AVE N E STREET 2: PO BOX 1518 CITY: BELLEVUE STATE: WA ZIP: 98004 BUSINESS PHONE: 4254687100 MAIL ADDRESS: STREET 1: PO BOX 1518 STREET 2: 777 106TH AVE NE CITY: BELLEVUE STATE: WA ZIP: 98004 424B2 1 d882724d424b2.htm 424B2 424B2

CALCULATION OF REGISTRATION FEE

 

 

Title of Each Class of Securities Offered   Maximum
Aggregate
Offering Price
  Amount of
Registration Fee

Senior Debt Securities

  $500,000,000   $58,100

 

 

 

Pricing Supplement Dated March 3, 2015 Filed Pursuant to Rule 424(b)(2)
(To Prospectus dated November 7, 2012 and Registration No. 333-184808
Prospectus Supplement dated November 7, 2012)

PACCAR Financial Corp.

Medium-Term Notes, Series N – Fixed Rate

CUSIP # 69371RM45

(the “Notes”)

We are hereby offering to sell Notes having the terms specified below to you with the assistance of:

 

x Barclays Capital Inc.
¨  Citigroup Global Markets Inc.
¨  Mitsubishi UFJ Securities (USA), Inc.
¨  BNP Paribas Securities Corp.
x J.P. Morgan Securities LLC
¨  Goldman, Sachs & Co.
x Other: Mizuho Securities USA Inc.
U.S. Bancorp Investments, Inc.
ANZ Securities, Inc.
The Williams Capital Group, L.P.

acting as x principal ¨ agent

at: ¨ varying prices related to prevailing market prices at the time of resale

     x a fixed initial public offering price of 99.906% of the Principal Amount.

 

Principal Amount: $500,000,000 Original Issue Date: March 9, 2015 (T+4)
Agent’s Discount or Commission: 0.20% Final Maturity Date: March 9, 2018
Net Proceeds to Company: $498,530,000

Interest Payment Dates: Semi-annually on each March 9 and September 9, commencing September 9, 2015

 

Record Dates: February 23 and August 26 preceding the applicable Interest Payment Date

Interest Rate: 1.450% per annum
Redemption:
x The Notes may not be redeemed prior to the Maturity Date.
¨ The Notes may be redeemed at our option prior to the Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage:     %
Annual Redemption Percentage Reduction:     % until Redemption Percentage is 100% of the Principal Amount.


Repayment:
x The Notes may not be repaid prior to the Maturity Date.
¨ The Notes may be repaid prior to the Maturity Date at the option of the holder of the Notes.
Option Repayment Date(s):

 

Currency:

Specified Currency: USD (If other than U.S. dollars, see attached)

Minimum Denominations: $1,000 and integral multiples of $1,000 in excess thereof

Exchange Rate Agent: (Applicable only if Specified Currency is other than U.S. dollars)

If Discount Note, check ¨

Issue Price:     %

 

Form: x Book-Entry             ¨ Certificated

Plan of Distribution:

 

Name

   Title    Principal Amount of Notes  

J.P. Morgan Securities LLC

   Bookrunner    $ 107,500,000   

Barclays Capital Inc.

   Bookrunner    $ 107,500,000   

Mizuho Securities USA Inc.

   Bookrunner    $ 107,500,000   

U.S. Bancorp Investments, Inc.

   Bookrunner    $ 107,500,000   

ANZ Securities, Inc.

   Co-Manager    $ 35,000,000   

The Williams Capital Group, L.P.

   Co-Manager    $ 35,000,000   
     

 

 

 

Total

$ 500,000,000   
     

 

 

 

Other Provisions: N/A

Supplemental United States Federal Income Taxation

The following discussion supplements the discussion contained in the accompanying Prospectus and Prospectus Supplement under the caption “United States Federal Income Taxation—Non-U.S. Holders—Foreign Account Tax Compliance.”

Pursuant to Treasury Regulations, the Foreign Account Tax Compliance Act (“FATCA”) currently applies to payments of interest (including OID) and will apply to payments of gross proceeds from a sale or other disposition (including upon maturity) of the Notes paid after December 31, 2016.