Summary of PACCAR Financial Corp.

Company Overview:
PACCAR Financial Corp. is a wholly owned subsidiary of PACCAR Inc. The company is involved in providing financial services, specifically issuing medium-term notes (notably Series P due May 11, 2026, with a $300 million issuance). It operates within the financial services sector, likely focusing on leasing, financing, and related financial products for PACCAR's primary business.

Key Details from the 10-K Filing:

• Type of Business: Financial services provider, specializing in lending and leasing solutions for vehicles or equipment associated with PACCAR Inc.
• Securities:
  • Registered Medium-Term Notes (Series P, Series Q, Series R) with various maturity dates and denominations, facilitating debt and funding activities.
• Regulatory and Corporate Structure:
  • Filed as a large accelerated filer (though marked as a non-accelerated filer), and a well-known seasoned issuer.
  • The company is a shell company, indicating it may primarily serve as a financing vehicle rather than an operating entity.

Operations and Financial Highlights:

• Number of Shares Outstanding: Approximately 145,000 shares of common stock (par value $100).
• Market Value: No market value is provided for non-affiliates as of June 30, 2024.
• Employees, Revenue, Net Income:
  • No specific data regarding the number of employees, revenue, or net income is provided within the excerpt.
  • The provided document primarily focuses on legal, registration, and compliance disclosures, not operational or financial performance metrics.

Additional Details:

• The company has filed various exhibits, including articles of incorporation, bylaws, indentures, and contracts, underscoring its roles in debt issuance and corporate governance.
• It maintains policies such as an Incentive Compensation Recovery Policy, but detailed operational or financial data is not included in the excerpt.

Note:
Based on the provided excerpt, specific operational metrics such as number of customers, employees, revenue, and income are not directly disclosed. The company appears to focus on debt issuance and financial structuring to support its activities.