WARRENVILLE, Ill. (Dec. 16, 2009) – Navistar Financial Corporation (NFC), a wholly owned subsidiary of Navistar International Corporation (NYSE: NAV), has successfully refinanced its bank credit facility with a new three-year revolving credit facility and term loan totaling $815 million. In conjunction with this refinancing, Navistar Financial has also completed a private retail asset sale and secured loan, which generated proceeds of $304 million.

“These initiatives complete our 2009 refinancing actions,” said David Johanneson, president and chief executive officer of Navistar Financial. “As the economic recovery continues, we continue to take aggressive action to ensure liquidity and to seek the most cost-effective financing solutions for our dealers and customers to support the profitable growth of Navistar.”

Navistar International Corporation is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Navistar Financial Corporation provides financial programs and services tailored to satisfy all Navistar’s customer and dealer equipment financing needs. Additional information is available at www.Navistar.com/newsroom.

Forward-Looking Statements
Information provided and statements contained in this report that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this report and the company assumes no obligation to update the information included in this report. Such forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties, and assumptions. For a further description of these factors, see “Risk Factors” as set forth in the Prospectus Supplement, dated October 22, 2009, filed pursuant to Rule 424(b)(5) with respect to the Registration Statement No. 333-162588. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. All future written and oral forward-looking statements by us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for our ongoing obligations to disclose material information as required by the federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.

Media contact: Roy Wiley 630-753-2627
Investor contact: Heather Kos 630-753-2406
Web site: www.Navistar.com/newsroom