Navistar Announces Closing Of $600 Million Offering Of 9.500% Senior Secured Notes

Navistar expects to use the net proceeds of the offering for general corporate purposes

Navistar International Corporation (NYSE: NAV) (“Navistar”) announced the completion of its private offering of $600 million of its 9.500% senior secured notes due 2025 (the “notes”) at an issue price of 100.0% of the aggregate principal amount of the notes. The offering was upsized to $600 million from the previously announced offering size of $500 million. Navistar expects to use the net proceeds of the offering for general corporate purposes. J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers of the offering.

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