# EDGAR Filing Document

**Accession Number:** 0000731288
**File Stem:** 0001193125-25-267283
**Filing Date:** 2025-11
**Character Count:** 9663
**Document Hash:** 754ec4642e83f077bb6fe16e3a3db806
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-267283.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001193125-25-267283

**CONFORMED SUBMISSION TYPE**: 424B2

**PUBLIC DOCUMENT COUNT**: 12

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PACCAR FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000731288
- **STANDARD INDUSTRIAL CLASSIFICATION:** SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 916029712
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B2
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-283056
- **FILM NUMBER:** 251455231

**BUSINESS ADDRESS:**
- **STREET 1:** 777 106TH AVE N E
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98004
- **BUSINESS PHONE:** 425 468 7525

**MAIL ADDRESS:**
- **STREET 1:** 777 106TH AVE NE
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98004

---

| | |
|:---|:---|
| Pricing Supplement Dated November 5, 2025 | **Filed Pursuant to Rule 424(b)(2)** |
| (To Prospectus dated November 7, 2024 and<br> Prospectus Supplement dated November 7, 2024) | **Registration No. 333-283056** |

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**PACCAR Financial Corp.** 

Medium-Term Notes, Series R - Fixed Rate

**CUSIP** #**69371RU20**

(the "Notes")

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

☒ MUFG Securities Americas Inc.

☒ BNP Paribas Securities Corp.

☒ BofA Securities, Inc.

☐ ING Financial Markets LLC

☐ J.P. Morgan Securities LLC

☒ Mizuho Securities USA LLC

☒ PNC Capital Markets LLC

☐ RBC Capital Markets, LLC

☒ Santander US Capital Markets LLC

☐ SG Americas Securities, LLC

☐ SMBC Nikko Securities America, Inc.

☒ TD Securities (USA) LLC

☒ U.S. Bancorp Investments, Inc.

☐ Wells Fargo Securities, LLC

☐ Other:

Scotia Capital (USA) Inc.

acting as ☒ principal ☐ agent

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ a fixed initial public offering price of 99.944% of the Principal Amount.

---

| | |
|:---|:---|
| Principal Amount: $400,000,000 | Original Issue Date: November 7, 2025 (T+2) |
| Agent's Discount or Commission: 0.200% | Final Maturity Date: November 7, 2028 |
| Net Proceeds to Company: $398,976,000 | Interest Payment Dates: Semi-annually on each May 7 and November 7, commencing May 7, 2026<br>Record Dates: April 23 and October 24 preceding the applicable Interest Payment Date |
| <br> Interest Rate: 4.000% per annum | <br> Interest Rate: 4.000% per annum |
| Redemption: | Redemption: |

---

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| | |
|:---|:---|
| ☒ | 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: | Repayment: |
| ☒ | 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. |

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------

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| | |
|:---|:---|
|  | <br> Option Repayment Date(s): |
| Currency: | Currency: |
|  | Specified Currency: USD (If other than U.S. dollars, see attached) |
|  | Minimum Denominations: ___________ (Applicable only if Specified Currency is other than U.S. dollars) |
|  | Exchange Rate Agent: ___________ (Applicable only if Specified Currency is other than U.S. dollars) |
| If Discount Note, check ☐<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issue Price: ____% | If Discount Note, check ☐<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issue Price: ____% |
| Form: | ☒ Book-Entry ☐ Certificated |
| The Notes are expected to be delivered in book-entry only form through the facilities of The Depository Trust Company and its direct and indirect participants, including Euroclear Bank SA/NV and Clearstream Banking S.A., on or about November 7, 2025<br>Plan of Distribution: | The Notes are expected to be delivered in book-entry only form through the facilities of The Depository Trust Company and its direct and indirect participants, including Euroclear Bank SA/NV and Clearstream Banking S.A., on or about November 7, 2025<br>Plan of Distribution: |

---

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| | | |
|:---|:---|:---|
| Name | Title | Principal Amount of Notes |
|  MUFG Securities Americas Inc. | Bookrunner | $64000000 |
|  BNP Paribas Securities Corp. | Bookrunner | $64000000 |
|  BofA Securities, Inc. | Bookrunner | $64000000 |
|  TD Securities (USA) LLC | Bookrunner | $64000000 |
|  U.S. Bancorp Investments, Inc. | Bookrunner | $64000000 |
|  Mizuho Securities USA LLC | Co-Manager | $20000000 |
|  PNC Capital Markets LLC | Co-Manager | $20000000 |
|  Santander US Capital Markets LLC | Co-Manager | $20000000 |
|  Scotia Capital (USA) Inc. | Co-Manager | $20000000 |
|  Total |  | $400000000 |

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Legal Matters:

In the opinion of Perkins Coie LLP, as counsel to the Company, when the notes offered by this pricing supplement have been executed and issued by the Company and authenticated by the trustee pursuant to the indenture, and delivered against payment as contemplated herein, such notes will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with its terms, subject to and limited by: (i) the effect of bankruptcy, insolvency, reorganization, receivership, conservatorship, arrangement, moratorium, fraudulent transfer or other laws affecting or relating to the rights of creditors generally; (ii) rules governing the availability of specific performance, injunctive relief or other equitable remedies and general principles of equity, regardless of whether arising prior to, or after, the date hereof or considered in a proceeding in equity or at law; or (iii) the effect of federal and state securities laws and principles of public policy on the rights of indemnity and contribution. This opinion is based as to matters of law solely on applicable provisions of the laws in their current forms of the States of Washington and New York, and the federal securities laws of the United States of America. In addition, this opinion is subject to customary assumptions about the trustee's authorization, execution and delivery of the indenture and its authentication of the notes and the validity, binding nature and enforceability of the indenture with respect to the trustee and to such counsel's reliance on the Company and other sources as to certain factual matters, all as stated in the letter of such counsel dated November 7, 2024, which has been filed as an exhibit to the registration statement on Form S-3 by the Company on November 7, 2024.

Other Provisions:

N/A

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

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| |
|:---|
| **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**S-3**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**PACCAR FINANCIAL CORP**  |

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Security Type**  | **Security Class Title**  | **Fee Calculation or Carry Forward Rule**  | **Amount Registered**  | **Maximum Aggregate Offering Price**  | **Fee Rate**  | **Amount of Registration Fee**  |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to be Paid | 1 | Debt | Medium-Term Notes, Series R - Fixed Rate | 457(r) | 400000000 | $400000000.00 | 0.0001381 | $55240.00 |
| Fees Previously Paid |  |  |  |  |  |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities |  |  |  |  |  |  |  |  |
|  |  |  | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $400000000.00  |  | $55240.00  |
|  |  |  | Total Fees Previously Paid:  | Total Fees Previously Paid:  | Total Fees Previously Paid:  |  |  | $0.00  |
|  |  |  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  | $0.00  |
|  |  |  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  | $55240.00  |

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 **Offering Note** <br>

<sup>1</sup> The prospectus to which this Exhibit is attached is a final prospectus for the related offering. <br>

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| | |
|:---|:---|
| | |
| **Rules 457(b) and 0-11(a)(2)** | **Rules 457(b) and 0-11(a)(2)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type**  | **Security Class Title**  | **Amount of Securities Previously Registered**  | **Maximum Aggregate Offering Price of Securities Previously Registered**  | **Form Type**  | **File Number**  | **Initial Effective Date**  |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

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The maximum aggregate offering price of the securities to which the prospectus relates is $400,000,000.00. The prospectus is a final prospectus for the related offering.