N🟁N

PACCAR Renews Bank Credit Agreements

  //house-home.news-articles.net/content/2010/06/25/paccar-renews-bank-credit-agreements.html
  Published in House and Home on Friday, June 25th 2010 at 14:11 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

BELLEVUE, Wash.--([ BUSINESS WIRE ])--PACCAR (Nasdaq:PCAR) has completed the renewal of its $2 billion credit facility with leading worldwide banks and financial institutions. The renewal includes a $1 billion facility that expires in June 2011 and a $1 billion facility expiring in June 2013. An additional existing $1 billion credit facility matures in June 2012. These bank credit facilities provide normal, ongoing, back-up liquidity for PACCARa™s commercial paper and medium-term notes. aPACCARa™s strong balance sheet and superior cash flow provide the company with a significant competitive advantage in meeting the capital requirements of our finance companies and manufacturing operations,a said Ron Armstrong, senior vice president.

"PACCARa™s strong balance sheet and superior cash flow provide the company with a significant competitive advantage in meeting the capital requirements of our finance companies and manufacturing operations"

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced diesel engines and provides financial services and information technology and distributes truck parts related to its principal business. PACCAR shares are traded on the NASDAQ Global Select Market, symbol PCAR. Its homepage is [ www.paccar.com ].