WARRENVILLE, Ill. (June 1, 2010) - Navistar Financial Corporation, an affiliate of Navistar International Corporation (NYSE: NAV), has completed the sale of $881 million of asset-backed retail notes in a 144-A transaction.

This is NFC’s largest retail securitization ever and its first 144-A retail receivables transaction since 2005. During the interim period, NFC’s retail portfolios were supported by asset sales into relationship banks’ multi-seller conduit facilities.

“We continue to access diversified and competitive funding sources to support the sale of Navistar products,” said David Johanneson, President and CEO of Navistar Financial. “Investors have confidence in our industry expertise, underwriting standards, and effectiveness in managing our credit portfolios.”

FORWARD-LOOKING STATEMENT
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