NAVISTAR INTERNATIONAL CORPORATION (NYSE:NAV) Files An 8-K Entry into a Material Definitive Agreement
ITEM1.01
| ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT |
On May31, 2017, Navistar Financial Securities Corporation, as the
seller (NFSC), Navistar Financial Corporation, as the servicer
(NFC), and Credit Suisse AG, New York Branch, as a managing
agent, Credit Suisse AG, Cayman Islands Branch, as a committed
purchaser (Credit Suisse), Alpine Securitization Ltd., as a
conduit purchaser, Bank of America, National Association, as
administrative agent, as a managing agent and as a committed
purchaser, New York Life Insurance Company, as a managing agent
and a committed purchaser (New York Life), and New York Life
Insurance and Annuity Corporation, as a managing agent and a
committed purchaser (NYLIAC and, collectively, the Purchaser
Parties), entered into Amendment No.9 to Note Purchase Agreement
(the NPA Amendment), which is attached as Exhibit 10.1 and
incorporated by reference herein. The NPA Amendment amends the
Note Purchase Agreement, dated as of August29, 2012, among NFSC,
NFC and the Purchaser Parties (filed as Exhibit 10.2 to the
registrants Form 8-K dated and filed on August30, 2012,
Commission File No.001-09618), to, among other things, extend the
Scheduled Purchase Expiration Date to May30, 2018 and reduce the
maximum funded amount to $425,000,000, reduce the commitment of
Credit Suisse to $75,000,000, increase the commitment of NY Life
to $60,000,000 and increase the commitment of NYLIAC to
$90,000,000 (the Commitment of the Committed Purchaser in the
Bank of America Purchaser Group shall remain $200,000,000).
| ITEM9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits
The following documents are filed herewith:
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ExhibitNo. |
Description |
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| 10.1 |
Amendment No.9 to the Note Purchase Agreement, dated as of May31, 2017, among Navistar Financial Securities Corporation, as the seller, Navistar Financial Corporation, as the servicer, Credit Suisse AG, New York Branch, as a managing agent, Credit Suisse AG, Cayman Islands Branch, as a committed purchaser, Alpine Securitization Ltd., as a conduit purchaser, New York Life Insurance Company, as a managing agent and a committed purchaser, New York Life Insurance and Annuity Corporation, as a managing agent and a committed purchaser, and Bank of America, National Association, as administrative agent, as a managing agent and as a committed purchaser. |
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 up +0.43 at 26.30 with 336,492 shares trading hands.
