According to GE Capital Fleet Services, the move comes at a time of strength for fleet services, which is coming off of strong financial performance, the launch of new service offerings for customers and the opening of the new Vehicle Innovation Center at its headquarters in Eden Prairie, Minn.
Penske and GE Capital Extend PTL Partnership to 2023
READING, PA – Penske Truck Leasing Co., L.P. announced that it has completed a series of transactions that include $700 million of new equity investments from its existing partners, Penske Corporation, Penske Automotive Group and General Electric Capital Corporation, and a new $1.0 billion five-year unsecured senior credit facility with a group of 17 financial institutions.