Advertisement
HomeIndustry ReleasesNavistar Repays $200M in Convertible Notes

Navistar Repays $200M 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.

“This repayment is another important step for Navistar, as it reflects our stronger liquidity position, building on the company’s return to profitability in 2017 and its expected generation of positive free cash flow in 2018,” said Walter Borst, chief financial officer. “Our improved financial profile provides Navistar with additional flexibility as we work to improve our balance sheet and credit ratings.”

About Navistar

Navistar International Corp. (NYSE: NAV) 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. www.Navistar.com

Advertisement

September 2025

This month's issue features the 2025 Technology Superusers, transportation directors that are embracing technology to not only address today’s...
Advertisement

Buyer’s Guide 2025

Find the latest vehicle production data and budget reports, industry trends, and contact information for state, national and federal...

Poll

How concerned are you about the data security of your student transportation operations?
0 votes
VoteResults
Advertisement