LISLE, Ill. — Navistar International Corp. (NYSE: NAV) today announced that, subject to market conditions, the company and its wholly-owned subsidiary Navistar, Inc. are seeking to reprice Navistar, Inc.’s existing approximately $1.0 billion senior secured term loan under Navistar, Inc.’s Senior Secured Term Loan Credit Facility.
The company anticipates that the repricing will be completed within the next ten days. There can be no assurance, however, that the company and Navistar, Inc. will be able to complete the repricing.
About Navistar
Navistar International Corp. is a holding company whose subsidiaries and affiliates produce International brand commercial and military trucks, proprietary diesel engines, and IC Bus brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Another affiliate offers financing services.
