Oct. 28, 2013
/PRNewswire/ -- Navistar Financial Corporation (NFC), an affiliate of Navistar International Corporation (NYSE: NAV),
of wholesale floor plan notes in a two-year 144-A securitized transaction to support its dealer inventory funding.
This transaction originally launched at
and NFC increased it to
based on strong demand. It replaces a
that matures this month, after which NFC will have
in total wholesale funding capacity.
"This transaction provides ongoing flexibility in funding wholesale assets to help us support the sale of International
trucks and IC Bus
brand buses through our industry-leading dealer channel," said
, Navistar executive vice president and chief financial officer.
NFC provides financing programs and services tailored to support Navistar's dealer and customer equipment financing needs.
"The quality of our portfolio and the strength of our dealer network have earned the ongoing confidence and support of our investors," said
, president, NFC. "We are pleased with the very strong investor interest in this offering."
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International
brand commercial and military trucks, MaxxForce
brand diesel engines, and IC Bus
brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Additional information is available at
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SOURCE Navistar Financial Corporation