FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Navistar Financial Closes $250MM Wholesale Funding Transaction

July 29, 2015, 07:00 AM
Filed Under: Dealer Finance

A subsidiary of Navistar Financial Corporation (NFC) closed a $250 million, two-year, 144-A securitized dealer floor plan transaction to support International® Truck and IC Bus™ dealer inventory funding. The transaction will replace a $250 million deal from October 2013 that matures in September 2015, after which NFC will have approximately $1 billion in total wholesale funding capacity.

"The new transaction ensures adequate liquidity to support the company's wholesale portfolio," said Bill McMenamin, president, NFC. "We continue to access diversified and competitive funding sources as the quality of our asset portfolio and the strength of our dealer network has earned the ongoing confidence and support of our investors."

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.