Navistar announces proposed amendment to loan

(March 19, 2013) -- Navistar International Corporation today announced that it is pursuing an amendment to the $1 billion senior secured term loan facility of Navistar, Inc. The term loan amendment is expected to include an interest rate repricing, the extension of the maturity date from July 16, 2014 to Aug. 17, 2017 and amendments to certain covenants to provide the company with additional operating flexibility.