Navistar Issues $200 Million of Its Senior Notes

LISLE, IL., – Navistar International Corporation (NYSE: NAV) today announced that it plans to issue, subject to market conditions, $200 million of its 8.25% senior notes due 2021 (the "notes"). The notes will be issued as additional notes under the indenture pursuant to which the company previously issued $1.3 billion aggregate principal amount of 8.25% senior notes due 2021 (the "existing senior notes"), of which $1.2 billion remains outstanding. The notes will be treated together with the existing senior notes as a single series of debt securities and will have the same terms as and be fungible with the existing senior notes.  The company expects to use the net proceeds of the offering for general corporate purposes, including working capital and capital expenditures.  

The notes are being offered pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the "SEC") on September 22, 2016 and subsequently declared effective by the SEC on October 5, 2016.  A preliminary prospectus supplement and the accompanying prospectus relating to the notes have been filed with the SEC and are available on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the notes may also be obtained from BofA Merrill Lynch at Attention: Prospectus Department, One Bryant Park, New York, NY  10036 (1-800-294-1322 or This email address is being protected from spambots. You need JavaScript enabled to view it.);  Goldman, Sachs & Co., Prospectus Department, 200 West St., New York, NY  10282, by calling (866) 471-2526, or e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY  11717, or by calling (866) 803-9204.

 

Tyler Technologies Announces New Member to the Team

Brett HeadshotTyler Technologies is pleased to announce that Brett Taylor has joined Tyler’s transportation group. Brett joins Tyler with more than 20 years of related experience, including prior experience as a product manager for SMART tag (Secured Mobility), where he helped create a new technology for student ridership management.

Brett will oversee Tyler Drive, Tyler’s new mobile offering for school bus drivers. He will have an influential role in the ongoing development and implementation of Tyler Drive and will serve as a conduit to Tyler clients and the K-12 industry to ensure the product continues to evolve to meet the growing demands of K-12 transportation. 

About Tyler Technologies Inc. 

Tyler Technologies (NYSE: TYL) is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector — cities, counties, schools and other government entities — to become more efficient, more accessible and more responsive to the needs of their constituents. Tyler’s client base includes more than 14,000 local government offices in all 50 states, Canada, the Caribbean, the United Kingdom and other international locations. In 2016, Forbes ranked Tyler on their “Most Innovative Growth Companies” list, and it has also named Tyler one of “America’s Best Small Companies” eight times. The company has been included six times on the Barron’s 400 Index, a measure of the most promising companies in America. More information about Tyler Technologies, headquartered in Plano, Texas, can be found at www.tylertech.com

Trans Tech and Southern Bus & Mobility Sign Exclusive Dealership Agreement

WARWICK, N.Y. – Trans Tech announced today that it has reached an agreement with Southern Bus & Mobility to be their exclusive dealer for sales and service of its full-line of Type-A school buses in the states of Illinois and Missouri. Trans Tech continues to expand its market across the United States and Canada by growing its dealer network and bringing customer-inspired innovation to its industry-leading Type-A school buses.