Navistar Financial, S.A. de C.V., SOFOM, E.N.R, an affiliate of Navistar Financial Corporation and Navistar, Inc., has signed a five-year agreement with Banco Nacional de Comercio Exterior, S.N.C.(Bancomext)for a US$95 million funding facility.
The company said that the facility will be used to support trade receivables for the sale of Navistar trucks and buses manufactured in Mexico and exported to Latin America, providing liquidity to Navistar and supporting growing global sales.
Navistar International Corp. (NAV: Quote) 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, Navistar RV brands of recreational vehicles, and Workhorse brand chassis for motor homes and step vans.
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by RTT Staff Writer
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