Navistar Financial renews dealer funding facility

Navistar Financial Corp. (NFC) has reached agreement on a renewal of a one-year, $500-million “dealer floor plan funding facility.”

Navistar Financial Corp. (NFC) has reached agreement on a renewal of a one-year, $500-million “dealer floor plan funding facility.”

“This renewal, combined with additional funding sources, ensures that we have appropriate liquidity to help International and IC Bus dealers purchase their floor plan inventory,” said David Johanneson, president & CEO of NFC. “Throughout the difficult economic climate of the past few years, the credit quality of our portfolio and the health of our dealer network have remained strong, and we continue to have access to funding to support the profitable growth of Navistar.”

NFC, an affiliate of Navistar International Corp., facilitates the bulk of its customer’s finance needs through Navistar Capital, its retail program formed last year in conjunction with GE Capital.

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