On January 25, 2017, Navistar amended its ABL credit agreement, dated August 17, 2012, with Bank of America as administrative agent. According to a related 8-K filing, JPMorgan Chase Bank, Wells Fargo Capital Finance and Goldman Sachs Bank as lenders.

Under the amendment, certain provisions were modified to increase by $50 million the total amount of senior notes issued by Navistar International that the borrower is permitted to guarantee. The ABL amendment had no impact on the aggregate commitment level under the ABL credit agreement, which remained $175 million.

Navistar International is also seeking to reprice Navistar’s existing approximately $1 billion senior secured term loan under Navistar’s senior secured term loan credit facility.

The company anticipates that the repricing will be completed within the next 10 days.

Navistar International is a holding company whose subsidiaries and affiliates produce international brand commercial and military trucks, proprietary diesel engines and IC Bus brand school and commercial buses.