Navistar International Corporation announces the commencement of a public offering of approximately 10,000,000 shares of its common stock. In addition, the company will grant the underwriters a 30-day option to purchase up to approximately 1,500,000 shares of common stock. The company intends to use all net proceeds from the offering for general corporate purposes. J.P. Morgan Securities LLC, Goldman, Sachs & Co., BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering.
The securities described above are being offered pursuant to a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission (the SEC) on October 24, 2012.