Navistar conditionally calls all 9½% senior secured notes due 2025

By Rebecca Melvin

Concord, N.H., April 26 – Navistar International Corp. announced a conditional full redemption of its $600 million 9½% senior secured notes due 2025, according to a company release.

The redemption will occur on June 25 subject to the closing of a merger of a subsidiary of Traton SE with Navistar.

The redemption date will be delayed until the merger occurs.

The redemption price of the notes is $1,071.25 per $1,000 principal amount of notes plus accrued and unpaid interest.

The Lisle, Ill.-based holding company produces International brand commercial and military trucks, proprietary diesel engines and IC Bus brand school and commercial buses.

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