Navistar Completes Repricing of $1 Billion Loan
Navistar International Corp. announced it has completed the repricing of subsidiary Navistar Inc.'s existing $1 billion senior secured term loan.
The amendment reduces the interest rate applicable to the senior secured term loan by 1.5% to adjusted LIBOR plus 4% or a base rate plus 3%, the Lisle, Illinois-based company said.
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The maturity date for the senior secured term loan remains Aug. 7, 2020, and all other material provisions under the agreement remain unchanged.
