Navistar Financial Closes Sale of $290 Million of Asset-Backed Notes

WARRENVILLE, Ill. (October 18, 2010)
- Navistar Financial Corporation (NFC), an affiliate of Navistar International Corporation (NYSE: NAV), has completed the sale of $290 million of asset-backed notes in a 144-A transaction.

This is NFC’s second retail securitization in calendar-year 2010, bringing its total transaction volume to more than $1.1 billion and enabling NFC to reduce debt costs and build liquidity.

 “We are taking advantage of current market conditions to refinance portions of our portfolio to enhance our liquidity and increase our income potential,” said David Johanneson, President and CEO of NFC.

Going forward, NFC will continue to facilitate the majority of customer finance needs through Navistar Capital, its new retail program formed earlier this year in alliance with GE Capital.

Navistar International Corporation (NYSE: NAV) 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, an affiliate, offers financing services. Additional information is available at and


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