Press release
143KB
may 24, 2022 - CNH Industrial
Closing of $500 million notes of CNH Industrial Capital LLC
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly owned subsidiary, #cnhindustrial Capital LLC, has completed its previously announced offering of $500 million in aggregate principal amount of 3.950% notes due 2025, with an issue price of 99.469%.
The net proceeds of this offering were approximately $495 million after payment of offering and other related expenses. #cnhindustrial 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 #cnhindustrial Capital LLC’s indebtedness as it becomes due.
The notes, which are senior unsecured obligations of #cnhindustrial Capital LLC, will pay interest semi-annually on May 23 and November 23 of each year, beginning on November 23, 2022, and will be guaranteed by #cnhindustrial Capital America LLC and New Holland Credit Company, LLC, each a wholly owned subsidiary of #cnhindustrial Capital LLC. The notes will mature on May 23, 2025.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and SG Americas Securities, LLC are acting as joint book-running managers and the representatives of the underwriters for the offering, and BBVA Securities Inc., Intesa Sanpaolo S.p.A., Natixis Securities Americas LLC and UniCredit Capital Markets LLC 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 Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1-800-831-9146, Email: prospectus@citi.com; Deutsche Bank Securities Inc., 1 Columbus Circle, New York, NY 10019, Attn: Prospectus Group, Telephone: 1-800-503-4611, Email: prospectus.CPDG@db.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 SG Americas Securities, LLC, 245 Park Avenue, New York, NY 10167, Telephone: 1-855-881-2108. 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.
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