Commentary & Deal Flow

IPTs: 3yr: MS+75a

• Issuer: PACCAR Financial Europe B.V. (Ticker: PCAR, Country: NL)
• Keep Well Provider: PACCAR Inc.
• Issuer Rating: A1 stable (Moody's) / A+ stable (S&P)
• Expected Issue Rating: A1 (Moody's) / A+ (S&P)
• Format: Reg S Bearer, Senior, unsecured, NGN
• Settlement: 15-May-26 (T+6)
• Tenor: 3yr
• Size: €300m exp.
• Maturity: 15-May-29
• IPTs: MS+75bps area
• Coupon: Fixed, Annual, ACT/ACT
• Docs: Issued off EMTN Programme dated 6-May-26 / English Law
• Listing: Euro MTF Market of the Luxembourg Stock Exchange
• Denomination: €100,000 + €1,000
• Selling Restrictions: US - Reg. S Compliance Category 3 TEFRA D; EEA (no sales to retail), United Kingdom (no sales to retail), the Netherlands, Japan, Kingdom of Spain, Singapore
• LEI (Issuer): Q47A62EK6GMSID3Y8C39
• ISIN: XS3375191486
• UoP: General Corporate Purposes
• Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) and no UK PRIIPs KID/CCI Product Summary has been prepared as the notes are not available to retail in EEA or UK.
• Marketing: An investor presentation will be available at https://dealroadshow.com | Entry code: PACCAR26 | Direct link: https://dealroadshow.com/e/PACCAR26
• Joint Bookrunners: BNP Paribas, Rabobank, Santander, Société Générale (B&D)
• Timing: Books open, today's business
• Advertisement: This communication is not an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus and any supplements and the final terms, when published, will be available at https://www.bourse.lu/programme/Programme-PaccarFinEurope/14657