LISLE, Ill. – Navistar International Corporation announced that it plans to issue, subject to market conditions, $300 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 billion aggregate principal amount of 8.25% senior notes due 2021 (the “existing senior notes”), of which $900 million 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 intends to use the net proceeds from the offering to repay a portion of its senior secured term loan facility in connection with its proposed amendment of that facility. J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and Goldman, Sachs & Co. are acting as joint book-running managers for the offering.
The notes are being offered pursuant to a shelf registration statement filed with and declared effective by the Securities and Exchange Commission (the “SEC”) on March 27, 2013. 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 J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (866) 803-9204; Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, or by calling (800) 221-1037; BofA Merrill Lynch, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, or e-mail: dg.prospectus_requests@baml.com; or Goldman, Sachs & Co., Prospectus Department, 200 West St., New York, NY 10282, by calling (866) 471-2526, or e-mail: Prospectus-ny@gs.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
