LISLE, Ill. — Navistar International Corp. (NYSE: NAV) today announced that it plans to issue, subject to market conditions, $200 million of its 8.25 percent senior notes due 2021.
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 percent 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 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 B of A Merrill Lynch at Attention: Prospectus Department, 1 Bryant Park, New York NY 10036; 800-294-1322 or dg.prospectus_distribution@bofasecurities.com); Goldman, Sachs & Co., Prospectus Department, 200 West St., New York, NY 10282, by calling 866-471-2526, or Prospectus-ny@gs.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood NY 11717, or by calling 866-803-9204.
