The numbers came as part of a filing with the Securities and Exchange Commission in which the company also said it wants to issue $200 million in senior subordinated convertible notes due 2018 as a cash-generation effort.
Navistar reported it had 2,100 Class 6 and 7 trucks ordered with the Cummins ISB 6.7-liter engine. Moreover, it estimated its Class 6 and 7 orders share to be about 31.7 percent in the month, relative to total Class 6 and 7 orders from all manufacturers. The number is up from August’s 18.8 percent order share.
Navistar reported Class 8 order share at 17.4 percent in the month, up from August’s 16.6 percent.
In addition to the $200 million in convertible notes, the company is also internally borrowing $270 million from its financing subsidy Navistar Financial. It says it plays to use the money to fund capital expenditures and repurchase a portion of its outstanding 3 percent senior subordinated convertible notes.
The notes are priced to pay 4.5 percent, Navistar says.
