Displaying items by tag: Financing

Navistar Reports 2018 Fourth Quarter and Full Year Results

LISLE, Ill. — Navistar International Corporation (NAV) today announced fourth quarter 2018 net income of $188 million, or $1.89 per diluted share, compared to fourth quarter 2017 net income of $135 million, or $1.36 per diluted share. For fiscal year 2018, Navistar reported net income of $340 million, or $3.41 per diluted share vs. net income of $30 million, or $0.32 per diluted share, for fiscal year 2017.

Navistar Repays $200 Million in Convertible Notes

LISLE, Ill. — Navistar International Corp. (NYSE: NAV) announced that the company has repaid in full its 4.5 percent Senior Subordinated Convertible Notes issued in October 2013. The repayment of the outstanding principal of $200 million at maturity on October 15, 2018, was funded with cash on hand.

Blue Bird Tender Offer to Buy up to $50 Million of its Capital Stock at $28

FORT VALLEY, Ga. — Blue Bird Corp. (NASDAQ: BLBD) announced today that it is commencing a tender offer to purchase up to $50 million in aggregate value of shares of its (i) common stock at a price of $28.00 per share, and (ii) 7.625% Series A Convertible Cumulative Preferred Stock, at a price of $241.69 per share, which is equal to the common stock offer price multiplied by 8.6318.

Navistar Appoints Schulz to Board of Directors

LISLE, Ill. — Navistar International Corp. (NYSE: NAV) today announced that Christian Schulz has been named to its board of directors, effective immediately. Schulz, 41, replaces Matthias Gründler, who previously resigned from the Navistar board after serving more than a year as a director. Schulz has been appointed to the board’s finance committee.