Navistar Financial Corporation, a wholly owned subsidiary of Navistar International Corporation, has sold $250 million of wholesale floor plan notes in a two-year 144-A transaction to support its dealer inventory funding.
This is NFC's first asset sale of calendar-year 2010, and it brings NFC's total wholesale capacity to $1.1 billion when combined with previously issued public and private funding. NFC initially sought $200 million and increased the amount to $250 million due to strong demand.
Feb 15 · 7:33:00 PM · Source: Company Press Release
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by Michael Oliveto
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