Frankfurt/Calgary—Global law firm Dentons, with a team led by partners Oliver Dreher (Frankfurt) and William Jenkins (Calgary), has advised Daimler Truck Group on the establishment of its new issuance program for Canadian dollar denominated short-term notes with a total issue volume of CA$500 million. Legal advice was led by the Daimler Truck in-house legal team: Sercan Ö. Demiral, LL.M. (Daimler Truck AG, Stuttgart).

The new commercial paper program, which was established at the end of 2024, has received an investment grade rating from S&P Global Ratings and serves primarily to further diversify the financing profile of the Daimler Truck Group.

Notes under the program are issued by Daimler Truck Finance Canada Inc. and are guaranteed by Daimler Truck Holding AG and Daimler Truck AG.

Daimler Truck is the world's leading manufacturer of trucks and buses. In 2023, the group achieved a turnover of almost €56 billion.

Dentons' global Capital Markets team regularly advises leading placement banks and issuers on corporate bonds, both in stand-alone transactions and in the establishment and use of issuance programs.

Advisors to Daimler Truck Group

Dentons (Frankfurt/Calgary/Toronto): Oliver Dreher (Partner, Co-Lead, Capital Markets, Frankfurt), William (Bill) Jenkins (Partner, Co-Lead, Corporate, Securities and M&A, Calgary), Ryan Therrien (Partner, Banking & Finance, Toronto), Dan Cerchia (Senior Associate, Corporate, Securities and M&A, Calgary)

Daimler Truck AG Inhouse: Sercan Ö. Demiral (Legal Counsel, Stuttgart)

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