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.
22
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)
November 7,
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
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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)
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
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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
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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
16,225,000
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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
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(11)
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Aggregate amount
beneficially owned by each reporting person
16,225,000
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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)
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) |
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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) |
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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
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(11)
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Aggregate amount
beneficially owned by each reporting person
16,225,000
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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)
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 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
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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
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) |
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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
16,302,164
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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)
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. 22, 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”), on
April 18, 2018 by Amendment No. 20 to the Initial Schedule 13D
(“Amendment No. 20”) and on October 16, 2020 by Amendment
No. 21 to the Initial Schedule 13D (“Amendment No. 21” and
together with Amendment No. 1 through Amendment No. 20 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. 21.
Page 8 of
10
Item 4. Purpose of
Transaction.
Item 4 is hereby
amended by adding the following:
The information set forth in
Item 6 below is incorporated into this Item 4 by
reference.
Item 6. Contracts, Arrangements,
Understandings or Relationships With Respect to Securities of the
Issuer.
Item 6 is hereby amended by
adding the following:
On November 7, 2020, Master
Account, Capital Partners (100) and Institutional Partners III
(collectively, the “MHR Parties”), solely in their capacity
as beneficial owners of shares of Common Stock, entered into a
Voting and Support Agreement with TRATON SE (“Parent”) and
Dusk, Inc., a wholly owned indirect subsidiary of Parent
(“Merger Subsidiary”) (the “Voting
Agreement”).
Pursuant to the terms of the
Voting Agreement, the MHR Parties agreed, among other things, to
vote the shares of Common Stock they beneficially own, less certain
excluded shares, in favor of the merger agreement entered into by
and among the Issuer, Parent and Merger Subsidiary, dated November
7, 2020 (the “Merger Agreement”) and against any alternative
proposal. Additionally, the MHR Parties agreed that during the
term of the Voting Agreement, they will not solicit, initiate or
take any action to knowingly facilitate or encourage the submission
of any alternative proposal. The Voting Agreement terminates
on the earliest of (i) the closing of the transactions contemplated
by the Merger Agreement, (ii) the date the Merger Agreement is
terminated in accordance with its terms, (iii) an Adverse
Recommendation Change (as such term is defined in the Merger
Agreement), (iv) the conclusion of the Company Stockholder Meeting
(as such term is defined in the Merger Agreement) (including any
adjournment or postponement thereof) and (v) the entry into, or
granting of any change, modification or amendment to, or waiver of,
the terms of the Merger Agreement (other than an amendment,
modification or waiver that does not adversely affect the rights of
the MHR Parties for which the MHR Parties did not provide prior
written consent).
The preceding paragraph is
qualified in its entirety by reference to the terms of the Voting
Agreement, a form of which is filed as Exhibit
1 hereto and is incorporated herein by
reference.
Item 7. Material to be Filed as
Exhibits.
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Exhibit No.
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Description
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1 |
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Voting and Support
Agreement, dated as of November 7, 2020, by and among TRATON SE,
Dusk Inc., MHR Capital Partners Master Account LP, MHR Capital
Partners (100) LP and MHR Institutional Partners III LP
(incorporated by reference to Exhibit 99.2 to the Issuer’s Current
Report on Form 8-K filed on November 9, 2020).
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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: November 9,
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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