Closing of $600 million notes of CNH Industrial Capital LLC
2023年4月11日 - 5:30AM
London, April 10, 2023
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
today announced that its wholly owned subsidiary, CNH Industrial
Capital LLC, has completed its previously announced offering of
$600 million in aggregate principal amount of 4.550% notes due
2028, with an issue price of 98.857%.
The net proceeds of this offering were
approximately $588 million after payment of offering and other
related expenses. 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 was 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 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, New York 10020, Telephone: 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
- 20230410_PR_CNH_Industrial_Capital_Bond_Closing
CNH Industrial NV (NYSE:CNHI)
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から 6 2024 まで 7 2024
CNH Industrial NV (NYSE:CNHI)
過去 株価チャート
から 7 2023 まで 7 2024