PFS has a portfolio of 217,000 trucks and trailers, with total assets of $17.18 billion. PacLease, a major full-service truck leasing company in North America and Europe with a fleet of over 40,000 vehicles, is included in this segment. "Paccar's strong balance sheet, complemented by its A+/A1 credit ratings, enables PFS to offer competitive retail financing to Kenworth, Peterbilt and DAF dealers and customers in 26 countries on four continents," said Craig Gryniewicz, Paccar Financial Corp. president. "Paccar Financial Services has excellent access to the debt markets, issuing $3.05 billion in medium-term notes during 2022."