Navistar says to get $1.3 bln new loan facility

Newswire

Jan 4 (Reuters) - Navistar International Corp. said it will get a five-year senior unsecured term loan facility and synthetic revolving facility of $1.3 billion from J.P. Morgan Chase Bank and other lenders.

The loan, which expires in January 2012, will replace an existing senior unsecured $1.5 billion credit agreement that expires in March 2009, the truck and engine maker said in a statement. (Reporting by Sayantani Ghosh in Bangalore)

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