Navistar International Corporation’s Senior Subordinated Convertible Debt Offering

Cravath represented the initial purchasers, led by J.P. Morgan Securities, Goldman, Sachs & Co., BofA Merrill Lynch and Credit Suisse, in connection with the US$370 million Rule 144A senior subordinated convertible debt offering of Navistar International Corporation, a leading manufacturer of commercial and military trucks, buses, diesel engines and recreational vehicles.The transaction closed on March 24, 2014.

The Cravath team included partner Craig F. Arcella and associate Benjamin G. Joseloff. Scott J. Oudheusden also worked on this matter.