Pricing of CNH Industrial Capital LLC $600 million notes
2023年4月5日 - 5:30AM
London, April 4, 2023
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
today announced that its wholly-owned subsidiary, CNH Industrial
Capital LLC, has priced $600 million in aggregate principal amount
of 4.550% notes due 2028, with an issue price of 98.857%. The
offering is expected to close on April 10, 2023, subject to the
satisfaction of customary closing conditions.
CNH Industrial Capital LLC intends to add the
net proceeds from the offering to its general funds and use them
for working capital and other general corporate purposes,
including, among other things, the purchase of receivables or other
assets in the ordinary course of business. The net proceeds may
also be applied to repay CNH Industrial Capital LLC’s indebtedness
as it becomes due.
The notes, which are senior unsecured
obligations of CNH Industrial Capital LLC, will pay interest
semi-annually on April 10 and October 10 of each year, beginning on
October 10, 2023, and will be guaranteed by CNH Industrial Capital
America LLC and New Holland Credit Company, LLC, each a wholly
owned subsidiary of CNH Industrial Capital LLC. The notes will
mature on April 10, 2028.
Deutsche Bank Securities Inc., Citigroup Global
Markets Inc., Goldman Sachs & Co. LLC and MUFG Securities
Americas Inc. are acting as joint book-running managers and the
representatives of the underwriters for the offering, and BBVA
Securities Inc., Credit Agricole Securities (USA) Inc., Mizuho
Securities USA LLC and Rabo Securities USA, Inc. are acting as
joint book-running managers for the offering. The offering is being
made pursuant to an effective shelf registration statement filed
with the U.S. Securities and Exchange Commission on March 14, 2022.
Copies of the prospectus supplement and the accompanying prospectus
for the offering may be obtained by contacting Deutsche Bank
Securities Inc., Attn: Prospectus Group, 1 Columbus Circle, New
York, NY 10019, Telephone: 1-800-503-4611, Email:
prospectus-CPDB@db.com, Citigroup Global Markets Inc., Attn:
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, Telephone: 1-800-831-9146, Email: prospectus@citi.com,
Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282,
Attn: Prospectus Department, Telephone: 1-866-471-2526, Email:
prospectus-ny@ny.email.gs.com; or MUFG Securities Americas Inc.,
Attn: Capital Markets Group, 1221 Avenue of the Americas, 6th
Floor, New York, NY 10020, by toll-free phone: 1-877-649-6848.
Copies of the prospectus supplement and the accompanying prospectus
for the offering are also available on the website of the U.S.
Securities and Exchange Commission at http://www.sec.gov.
***
This press release does not constitute an offer
to sell or a solicitation of an offer to buy any of these
securities, nor shall there be any sale of these securities, in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful.
CNH Industrial Capital
LLC is an indirect wholly owned subsidiary of CNH
Industrial N.V. and is headquartered in Racine, Wisconsin. As a
captive finance company, the primary business of CNH Industrial
Capital LLC and its subsidiaries is to underwrite and manage
financing products for end-use customers and dealers of CNH
Industrial America LLC and CNH Industrial Canada Ltd.
(collectively, “CNH Industrial North America”) and provide other
related financial products and services to support the sale of
agricultural and construction equipment sold by CNH Industrial
North America. CNH Industrial Capital LLC and its subsidiaries also
provide wholesale and retail financing related to new and used
agricultural and construction equipment manufactured by entities
other than CNH Industrial North America. CNH Industrial Capital
LLC’s principal executive offices are located at 5729 Washington
Avenue, Racine, WI 53406, and the telephone number is +1(262)
636-6011.
Contacts:
Media RelationsEmail:
mediarelations@cnhind.com
Investor RelationsEmail:
investor.relations@cnhind.com
- 20230404_PR_CNH_Industrial_Capital_Bond_Pricing
CNH Industrial NV (NYSE:CNHI)
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CNH Industrial NV (NYSE:CNHI)
過去 株価チャート
から 7 2023 まで 7 2024