Navistar Financial Corp., a unit of Navistar International Corp. (NAV), said that it has successfully refinanced its bank credit facility with a new three-year revolving credit facility and term loan totaling $815 million.
In conjunction with this refinancing, Navistar Financial has also completed a private retail asset sale and secured loan, which generated proceeds of $304 million.
The company noted that these initiatives completed its 2009 refinancing actions.
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