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Navistar Plans to Issue Additional Notes at 8.25%
Navistar International Corp., the parent company for the International trucks brand, announced plans Jan. 12 to issue, subject to market conditions, $200 million of its 8.25% senior notes due 2021.
RELATED: Navistar slows losses amid tough industry conditions
The latest offering is for additional notes under a previous indenture for $1.3 billion, of which $1.2 billion remains outstanding, the Lisle, Illinois-based company said.
The company said it expects to use the net proceeds of the offering for general corporate purposes, including working capital and capital expenditures.
