RYDER SYSTEM INC (R) Form 424B3 — Oct 26, 2026
Ryder System priced a $700 million offering of 5.600% Medium-Term Notes due December 1, 2031, at a public offering price of 99.919%, for net proceeds of roughly $695.9 million before expenses. The notes settle T+7 on November 4, 2026, pay interest semi-annually, and are redeemable at par plus a make-whole spread of 15 basis points over the Treasury Rate prior to the par call date. The deal is led by Morgan Stanley, MUFG, PNC Capital Markets, U.S. Bancorp, and Wells Fargo Securities as joint book-running managers, with BNP Paribas, BofA, Fifth Third, Mizuho, RBC, Regions, and Truist as senior co-managers.
Key figures
- Debt Amount
- 700000000
- Interest Rate
- 5.6
- Maturity Date
- 2031-12-01
- Gross Proceeds
- 695933000
- Offering Price
- 99.919% of principal
- Issue date
- 2026-11-04
- Par call date
- 2031-11-01
- Settlement cycle
- T+7
- Treasury rate spread
- 15 basis points
- Underwriters discount
- 0.500%
AI analysis
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