NAVISTAR INTERNATIONAL CORPORATION (NYSE:NAV) Files An 8-K Entry into a Material Definitive Agreement
ITEM1.01
| ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT |
Amendment to ABL Facility
On January25, 2017, Navistar, Inc. (the Borrower) entered into an
Amendment No.5 (the ABL Amendment) tothe Amended and Restated ABL
Credit Agreement (as amended by Amendment No.1, dated April2,
2013, Amendment No.2, dated July3, 2014, Amendment No.3, dated
July15, 2015, and Amendment No.4., dated September30, 2016, the
ABL Credit Agreement), dated as of August17, 2012, among the
Borrower, the Lenders from time to time party thereto, and Bank
of America, N.A., as Administrative Agent, to which certain
provisions were modified to increase by $50,000,000 the total
amount of senior notes issued by Navistar International
Corporation that the Borrower is permitted to guarantee. The ABL
Amendment had no impact on the aggregate commitment level under
the ABL Credit Agreement, which remains at $175,000,000.
The foregoing description of the ABL Amendment is qualified in
its entirety by reference to the ABL Amendment, which is filed as
Exhibit 10.1 and incorporated by reference herein.
| ITEM9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
| (d) | Exhibits |
|
ExhibitNo. |
Description |
|
| 10.1 |
Amendment No.5 to the Amended and Restated ABL Credit Agreement, dated January25, 2017, among Navistar, Inc., as Borrower, the financial institutions party thereto, and Bank of America, N.A., as Administrative Agent |
About NAVISTAR INTERNATIONAL CORPORATION (NYSE:NAV)
Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc. and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations). The Truck segment manufactures and distributes Class 4 through 8 trucks, buses and military vehicles under the International and IC Bus brands, along with production of engines. The Parts segment supports its brands of International commercial trucks, IC buses and engines. The Global Operations segment includes operations of its subsidiary, International Industria de Motores da America do Sul Ltda. (IIAA). The Financial Services segment provides and manages retail, wholesale and lease financing of products sold by the Truck and Parts segments and their dealers. NAVISTAR INTERNATIONAL CORPORATION (NYSE:NAV) Recent Trading Information
NAVISTAR INTERNATIONAL CORPORATION (NYSE:NAV) closed its last trading session 00.00 at 28.87 with 517,830 shares trading hands.
