Lease Purchase Trucking Companies Atlanta, Is Lease Purchase Trucking A Good Idea,

Lease Purchase Trucking Companies Atlanta, Is Lease Purchase Trucking A Good Idea,

Ptl Trucking Lease Purchase, Penske Automotive Increases Ownership Interest In Penske Truck Leasing : Lease Purchase Trucking Companies Atlanta, Is Lease Purchase Trucking A Good Idea,

Ptl Trucking Lease Purchase - Penske Automotive Team, Inc. (NYSE: PAG), a worldwide transport services company, revealed today that it has obtained an additional 5.5% interest in Penske Vehicle Leasing Co., L.P. (" PTL"), a leading company of transportation services as well as supply chain administration, from subsidiaries of GE Capital Global Holdings, LLC, for about $239 million. The acquisition price was moneyed using the existing liquidity on the business's UNITED STATE credit history arrangement.

By obtaining the extra 5.5% possession interest in PTL, the company anticipates to understand revenues accretion, extra cash flow from cash tax cost savings as well as a boost in the annual cash distribution PTL supplies to its partners. The firm approximates the profits each share rise from this transaction of $0.10 each share on an annualized basis.

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Latest Updated DateNovember 18, 2017
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