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Navistar Financial announces variable funding note renewal

Navistar Financial Corporation (NFC) announced today that it amended and extended the variable funding notes facility (VFN) to November 18, 2017. The VFN facility was also reduced from $500 million to $450 million. “NFC continues to be supported by our relationship banks. Our $50 million reduction in this facility is really a reflection of the … Continued

Navistar Financial Corporation (NFC) announced today that it amended and extended the variable funding notes facility (VFN) to November 18, 2017. The VFN facility was also reduced from $500 million to $450 million.

“NFC continues to be supported by our relationship banks. Our $50 million reduction in this facility is really a reflection of the strong reception our previously announced $300 million term wholesale securitization had in the market,” said Bill McMenamin, President, NFC. “That facility was upsized from $250 million to $300 million and replaced a $250 million transaction maturing, making this $50 million reduction possible and appropriate.”

NFC, an affiliate of Navistar International Corporation (NYSE: NAV), provides financing programs and services tailored to support equipment financing needs for International Truck and IC Bus dealers and customers.

https://www.automotiveworld.com/news-releases/navistar-financial-announces-variable-funding-note-renewal/

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