NAVISTAR INTERNATIONAL CORPORATION (NYSE:NAV) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On December21, 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 (“CS NYB”), Credit Suisse AG, Cayman Islands Branch, as a committed purchaser (“Credit Suisse”), Alpine Securitization Ltd., as a conduit purchaser (“Alpine” and, together with CS NYB and Credit Suisse, the “Credit Suisse Purchaser Group”), 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.10 to Note Purchase Agreement and Amendment No.1 to Fifth Amended and Restated Fee Letter (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 registrant’s 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 December20, 2018, reduce the maximum funded amount to $350,000,000 and evidence the payment in full of the principal and interest owing to the CS Purchaser Group and reduce the commitment of Credit Suisse to zero.
Item 1.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
The following documents are filed herewith:
| ExhibitNo. |
Description of Exhibit |
| 10.1 | Amendment No.10 to the Note Purchase Agreement and Amendment No.1 to Fifth Amended and Restated Fee Letter, dated as of December 21, 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. |
NAVISTAR INTERNATIONAL CORP ExhibitEX-10.1 2 d470263dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION COPY AMENDMENT NO. 10 TO NOTE PURCHASE AGREEMENT AND AMENDMENT NO. 1 TO FIFTH AMENDED AND RESTATED FEE LETTER THIS AMENDMENT NO. 10 TO NOTE PURCHASE AGREEMENT and AMENDMENT NO. 1 TO FIFTH AMENDED AND RESTATED FEE LETTER (this “Amendment”) dated as of December 21,…To view the full exhibit click here
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.
