Navistar announces $200M tack-on senior note offering

• Navistar International Corporation (NYSE:NAV -3.2%) announces that it plans to issue $200M of 8.25% senior notes due 2021.
• The company says the notes will be treated together with the existing senior notes as a single series of debt securities and will have the same terms as and be fungible with the existing senior notes.
• The proceeds of the offering are slated to go for general corporate purposes, including working capital and capital expenditures.
• Source: Press Release