Navistar International Corporation (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
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