Amended Statement of Beneficial Ownership (sc 13d/a)
October 16 2020 - 04:47PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
SCHEDULE
13D
[Rule
13d-101]
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED
PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS
THERETO FILED
PURSUANT TO § 240.13d-2(a)
Amendment No.
21
Navistar
International Corporation
(Name of
Issuer)
Common Stock,
par value $0.10 per share
(Title of
Class of Securities)
63934E108
(CUSIP
Number)
Janet
Yeung
MHR Fund
Management LLC
1345 Avenue of the Americas, 42nd
Floor
New York, New
York 10105
(212)
262-0005
(Name,
Address and Telephone Number of Person Authorized to Receive
Notices of Communication)
October 16,
2020
(Date of
Event Which Requires Filing of This Statement)
If the filing
person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the
following box. ☐
Note:
Schedules filed in paper format shall include a signed original and
five copies of the Schedule, including all exhibits. See
§240.13d-7 for other
parties to whom copies are to be sent.
* |
The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
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The information
required on the remainder of this cover page shall not be deemed to
be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (the “Act”) or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
(Continued on
following pages)
(Page 1 of 10
Pages)
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CUSIP No. 63934E108 |
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13D |
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(Page 2 of 10
Pages) |
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(1) |
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Name of reporting
person
MHR INSTITUTIONAL PARTNERS
III LP
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(2) |
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Check the appropriate box if
a member of a group (see instructions)
(a) ☐
(b) ☒
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(3) |
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SEC use only
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(4) |
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Source of funds (see
instructions)
WC
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(5) |
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Check box if disclosure of
legal proceedings is required pursuant to Item 2(d) or
2(e)
☐
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(6) |
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Citizenship or place of
organization
Delaware
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Number of
shares
beneficially
owned by
each
reporting
person
with
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(7) |
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Sole voting power
14,980,528
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(8) |
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Shared voting
power
0
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(9) |
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Sole dispositive
power
14,980,528
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(10) |
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Shared dispositive
power
0
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(11)
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Aggregate amount
beneficially owned by each reporting person
14,980,528
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(12)
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Check box if the aggregate
amount in Row (11) excludes certain shares (see
instructions)
☐
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(13)
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Percent of class represented
by amount in Row (11)
15.1%
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(14)
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Type of reporting person
(see instructions)
PN
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CUSIP No. 63934E108 |
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13D |
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(Page 3 of 10
Pages) |
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(1) |
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Name of reporting
person
MHR INSTITUTIONAL ADVISORS
III LLC
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(2) |
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Check the appropriate box if
a member of a group (see instructions)
(a) ☐
(b) ☒
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(3) |
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SEC use only
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(4) |
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Source of funds (see
instructions)
AF
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(5) |
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Check box if disclosure of
legal proceedings is required pursuant to Item 2(d) or
2(e)
☐
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(6) |
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Citizenship or place of
organization
Delaware
|
Number of
shares
beneficially
owned by
each
reporting
person
with
|
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(7) |
|
Sole voting power
14,980,528
|
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(8) |
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Shared voting
power
0
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(9) |
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Sole dispositive
power
14,980,528
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(10) |
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Shared dispositive
power
0
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(11)
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Aggregate amount
beneficially owned by each reporting person
14,980,528
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(12)
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|
Check box if the aggregate
amount in Row (11) excludes certain shares (see
instructions)
☐
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(13)
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Percent of class represented
by amount in Row (11)
15.1%
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(14)
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Type of reporting person
(see instructions)
OO
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CUSIP No. 63934E108 |
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13D |
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(Page 4 of 10
Pages) |
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(1) |
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Name of reporting
person
MHR FUND MANAGEMENT
LLC
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(2) |
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Check the appropriate box if
a member of a group (see instructions)
(a) ☐
(b) ☒
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(3) |
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SEC use only
|
(4) |
|
Source of funds (see
instructions)
AF
|
(5) |
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Check box if disclosure of
legal proceedings is required pursuant to Item 2(d) or
2(e)
☐
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(6) |
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Citizenship or place of
organization
Delaware
|
Number of
shares
beneficially
owned by
each
reporting
person
with
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(7) |
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Sole voting power
16,225,000
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(8) |
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Shared voting
power
0
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(9) |
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Sole dispositive
power
16,225,000
|
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(10) |
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Shared dispositive
power
0
|
(11)
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Aggregate amount
beneficially owned by each reporting person
16,225,000
|
(12)
|
|
Check box if the aggregate
amount in Row (11) excludes certain shares (see
instructions)
☐
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(13)
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Percent of class represented
by amount in Row (11)
16.3%
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(14)
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Type of reporting person
(see instructions)
OO
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CUSIP No. 63934E108 |
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13D |
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(Page 5 of 10
Pages) |
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(1) |
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Name of reporting
person
MHR HOLDINGS LLC
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(2) |
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Check the appropriate box if
a member of a group (see instructions)
(a) ☐ (b) ☒
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(3) |
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SEC use only
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(4) |
|
Source of funds (see
instructions)
AF
|
(5) |
|
Check box if disclosure of
legal proceedings is required pursuant to Item 2(d) or
2(e)
☐
|
(6) |
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Citizenship or place of
organization
Delaware
|
Number of
shares
beneficially
owned by
each
reporting
person
with
|
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(7) |
|
Sole voting power
16,225,000
|
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(8) |
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Shared voting
power
0
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(9) |
|
Sole dispositive
power
16,225,000
|
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(10) |
|
Shared dispositive
power
0
|
(11)
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|
Aggregate amount
beneficially owned by each reporting person
16,225,000
|
(12)
|
|
Check box if the aggregate
amount in Row (11) excludes certain shares (see
instructions)
☐
|
(13)
|
|
Percent of class represented
by amount in Row (11)
16.3%
|
(14)
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Type of reporting person
(see instructions)
OO
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CUSIP No. 63934E108 |
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13D |
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(Page 6 of 10
Pages) |
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(1) |
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Name of reporting
person
MARK H. RACHESKY,
M.D.
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(2) |
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Check the appropriate box if
a member of a group (see instructions)
(a) ☐ (b) ☒
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(3) |
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SEC use only
|
(4) |
|
Source of funds (see
instructions)
AF
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(5) |
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Check box if disclosure of
legal proceedings is required pursuant to Item 2(d) or
2(e)
☐
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(6) |
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Citizenship or place of
organization
United States of
America
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Number of
shares
beneficially
owned by
each
reporting
person
with
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(7) |
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Sole voting power
16,302,164
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(8) |
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Shared voting
power
0
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(9) |
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Sole dispositive
power
16,302,164
|
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(10) |
|
Shared dispositive
power
0
|
(11)
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|
Aggregate amount
beneficially owned by each reporting person
16,302,164
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(12)
|
|
Check box if the aggregate
amount in Row (11) excludes certain shares (see
instructions)
☐
|
(13)
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Percent of class represented
by amount in Row (11)
16.4%
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(14)
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Type of reporting person
(see instructions)
IN; HC
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TABLE OF
CONTENTS
Page 7 of
10
Explanatory
Note
This statement on Schedule
13D (this “Statement”) amends and supplements, as Amendment
No. 21, the Schedule 13D filed on June 15, 2012 (the
“Initial Schedule 13D”), which was amended on
June 25, 2012 by Amendment No. 1 to the Initial
Schedule 13D (“Amendment No. 1”), on July 10,
2012 by Amendment No. 2 to the Initial Schedule 13D
(“Amendment No. 2”), on October 9, 2012 by
Amendment No. 3 to the Initial Schedule 13D
(“Amendment No. 3”), on October 26, 2012 by
Amendment No. 4 to the Initial Schedule 13D
(“Amendment No. 4”), on December 12, 2012 by
Amendment No. 5 to the Initial Schedule 13D
(“Amendment No. 5”), on July 15, 2013 by Amendment
No. 6 to the Initial Schedule 13D (“Amendment
No. 6”), on July 17, 2013 by Amendment No. 7 to
the Initial Schedule 13D (“Amendment No. 7”), on
March 11, 2014 by Amendment No. 8 to the Initial
Schedule 13D (“Amendment No. 8”), on
April 11, 2014 by Amendment No. 9 to the Initial
Schedule 13D (“Amendment No. 9”), on June 24,
2015 by Amendment No. 10 to the Initial Schedule 13D
(“Amendment No. 10”), on December 18, 2014 by
Amendment No. 11 to the Initial Schedule 13D
(“Amendment No. 11”), on January 30, 2015 by
Amendment No. 12 to the Initial Schedule 13D
(“Amendment No. 12”), on June 11, 2015 by
Amendment No. 13 to the Initial Schedule 13D (“Amendment No.
13”), on July 27, 2015 by Amendment No. 14 to the Initial
Schedule 13D (“Amendment No. 14”), on September 4, 2015
by Amendment No. 15 to the Schedule 13D (“Amendment
No. 15”), on December 18, 2015 by Amendment
No. 16 to the Initial Schedule 13D (“Amendment
No. 16”), on September 6, 2016 by Amendment No. 17 to the
Initial Schedule 13D (“Amendment No. 17”), on September 21,
2016 by Amendment No. 18 to the Initial Schedule 13D
(“Amendment No. 18”), on March 3, 2017 by Amendment No.
19 to the Initial Schedule 13D (“Amendment No. 19”) and on
April 18, 2018 by Amendment No. 20 to the Initial Schedule 13D
(“Amendment No. 20” and together with Amendment No. 1
through Amendment No. 19 and the Initial Schedule 13D, the
“Schedule 13D”), and relates to shares of common stock, par
value $0.10 per share (the “Common Stock”), of Navistar
International Corporation (the “Issuer”). Except as
otherwise provided, capitalized terms used in this Statement but
not defined herein shall have the respective meanings given to such
terms in Amendment No. 20.
Page 8 of
10
Item 4. Purpose of
Transaction.
Item 4 is hereby
amended by adding the following:
On October 16, 2020, the
Issuer issued a press release announcing that it had responded to
the letter it received from TRATON SE on October 14, 2020,
confirming that following discussions between the Issuer and
TRATON, the Issuer’s board of directors would be prepared to move
forward with a transaction in which TRATON would acquire the Issuer
for US$44.50 per share in cash. The Issuer’s press release also
stated that an offer by Traton to acquire the Issuer for US$44.50
per share has the support of MHR in its capacity as a stockholder
of the Issuer. There can be no assurance as to whether or when
negotiations of definitive agreements providing for such
acquisition will conclude, whether and on what terms the Reporting
Persons will support the terms of any definitive agreements that
provide for such acquisition, or that any such acquisition will
occur.
Item 5. Interests in
Securities of the Issuer.
Item 5(c) is hereby amended
by deleting such item in its entirety and replacing it with the
following:
(c) On September 30, 2020,
Dr. Rachesky was granted 775 shares of Common Stock.
Page 9 of
10
SIGNATURES
After reasonable
inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: October 16,
2020
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MHR INSTITUTIONAL PARTNERS
III LP |
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By: |
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MHR Institutional Advisors III LLC, its General
Partner |
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By: |
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/s/ Janet
Yeung |
Name: Janet
Yeung |
Title: Authorized
Signatory |
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MHR INSTITUTIONAL ADVISORS
III LLC |
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By: |
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/s/ Janet
Yeung |
Name: Janet
Yeung |
Title: Authorized
Signatory |
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MHR FUND MANAGEMENT
LLC |
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By: |
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/s/ Janet
Yeung |
Name: Janet
Yeung |
Title: Authorized
Signatory |
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MHR HOLDINGS LLC |
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By: |
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/s/ Janet
Yeung |
Name: Janet
Yeung |
Title: Authorized
Signatory |
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MARK H. RACHESKY,
M.D. |
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By: |
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/s/ Janet Yeung,
Attorney in Fact |
Page 10 of
10
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