CNH announces pricing of its offering of Euro 750,000,000 3.75%
notes due June 2031
CNH announces pricing of its offering of
Euro 750,000,000 3.75% notes due June 2031
Basildon, June 4, 2024
CNH Industrial N.V. (NYSE: CNH) (“CNH”) today
announces the successful pricing of its offering of Euro
750,000,000 in principal amount of 3.75% notes due June 11, 2031
(the “Notes”) with an issue price of 99.168 % of the principal
amount.
The closing of the offering is currently
expected on June 11, 2024. The notes will be issued by CNH under
its Euro Medium Term Note Programme. CNH intends to use the net
proceeds from the offering for its general corporate purposes
including repayment of existing debt. Application will be made for
the Notes to be admitted to trading on the Global Exchange Market
of Euronext Dublin.
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED
STATES OR TO U.S. PERSONS
MiFID II and UK MiFIR professionals/ECPs-only /
No PRIIPs KID – Manufacturer target market (MIFID II and UK MiFIR
product governance) is eligible counterparties and professional
clients only (all distribution channels). No PRIIPs key information
document (KID) has been prepared as not available to retail in EEA
or UK.
The notes will be offered and sold only outside
the United States to institutional investors that are not “U.S.
persons” (as such term is defined in Regulation S under the U.S.
Securities Act of 1933, as amended (the "Securities Act")) and have
not been and will not be registered under the Securities Act or any
other securities laws. The notes may not be offered or sold in the
United States or to or for the account or benefit of “U.S. persons”
absent registration under the Securities Act or an applicable
exemption from the registration requirements thereof.
This press release shall not constitute an offer
to sell or an offer of financial products or securities, nor shall
there be any sale of these notes, in the United States or any state
or jurisdiction in which such an offer or sale would be unlawful.
No action has been or will be taken to permit a public offering of
the notes in any jurisdiction.
The offering of the notes has not been cleared
by the Commissione Nazionale per le Societá e la Borsa (CONSOB),
pursuant to Italian securities legislation. Accordingly, the Notes
have not been and will not be offered, sold or delivered in Italy
in a solicitation to the public (sollecitazione all'investimento),
and the notes may only be offered, sold or delivered in Italy in
compliance with applicable laws and regulations.
This press release is directed only (i) to
persons who are outside the United Kingdom, (ii) to persons who
have professional experience in matters relating to investments
falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended (the
“Financial Promotion Order”) or (iii) to high net worth entities
falling within Article 49(2)(a) to (d) ("high net worth companies,
unincorporated associations, etc.") of the Financial Promotion
Order (all such persons together being referred to as "Relevant
Persons"). This press release must not be acted on or relied on by
persons who are not Relevant Persons. Any investment activity to
which this press release relates is reserved for Relevant Persons
only and may only be engaged in by Relevant Persons.
In the Netherlands, this press release is
directed only to qualified investors within the meaning of the
Dutch Financial Supervision Act (Wet op het financieel
toezicht).
CNH Industrial (NYSE: CNH) is a
world-class equipment, technology and services company. Driven by
its purpose of Breaking New Ground, which centers on Innovation,
Sustainability and Productivity, the Company provides the strategic
direction, R&D capabilities, and investments that enable the
success of its global and regional Brands. Globally, Case
IH and New Holland supply 360°
agriculture applications from machines to implements and the
digital technologies that enhance them; and CASE
and New Holland Construction Equipment deliver a
full lineup of construction products that make the industry more
productive. The Company’s regionally focused Brands include:
STEYR, for agricultural tractors;
Raven, a leader in digital agriculture, precision
technology and the development of autonomous systems;
Hemisphere, a leading designer and manufacturer of
high-precision satellite-based positioning, and heading
technologies; Flexi-Coil, specializing in tillage
and seeding systems; Miller, manufacturing
application equipment; Kongskilde, providing
tillage, seeding and hay & forage implements; and
Eurocomach, producing a wide range of mini and
midi excavators for the construction sector, including electric
solutions.
Across a history spanning over two centuries,
CNH has always been a pioneer in its sectors and continues to
passionately innovate and drive customer efficiency and success. As
a truly global company, CNH’s 40,000+ employees form part of a
diverse and inclusive workplace, focused on empowering customers to
grow, and build, a better world.
For more information and the latest financial
and sustainability reports visit: cnh.com
For news from CNH and its Brands visit:
media.cnh.com
Contacts:
Media RelationsEmail:
mediarelations@cnh.com
Investor RelationsEmail:
investor.relations@cnh.com
Forward-looking statements
All statements other than statements of
historical fact contained in this press release, including
competitive strengths; business strategy; future financial position
or operating results; budgets; projections with respect to revenue,
income, earnings (or loss) per share, capital expenditures,
dividends, liquidity, capital structure or other financial items;
costs; and plans and objectives of management regarding operations
and products, are forward-looking statements. Forward looking
statements also include statements regarding the future performance
of CNH Industrial and its subsidiaries on a standalone basis. These
statements may include terminology such as “may”, “will”, “expect”,
“could”, “should”, “intend”, “estimate”, “anticipate”, “believe”,
“outlook”, “continue”, “remain”, “on track”, “design”, “target”,
“objective”, “goal”, “forecast”, “projection”, “prospects”, “plan”,
or similar terminology. Forward-looking statements are not
guarantees of future performance. Rather, they are based on current
views and assumptions and involve known and unknown risks,
uncertainties and other factors, many of which are outside our
control and are difficult to predict. If any of these risks and
uncertainties materialize (or they occur with a degree of severity
that the Company is unable to predict) or other assumptions
underlying any of the forward-looking statements prove to be
incorrect, including any assumptions regarding strategic plans, the
actual results or developments may differ materially from any
future results or developments expressed or implied by the
forward-looking statements. Factors, risks and uncertainties that
could cause actual results to differ materially from those
contemplated by the forward-looking statements include, among
others: economic conditions in each of our markets, including the
significant uncertainty caused by geopolitical events; production
and supply chain disruptions, including industry capacity
constraints, material availability, and global logistics delays and
constraints; the many interrelated factors that affect consumer
confidence and worldwide demand for capital goods and capital
goods-related products; changes in government policies regarding
banking, monetary and fiscal policy; legislation, particularly
pertaining to capital goods-related issues such as agriculture, the
environment, debt relief and subsidy program policies, trade and
commerce and infrastructure development; government policies on
international trade and investment, including sanctions, import
quotas, capital controls and tariffs; volatility in international
trade caused by the imposition of tariffs, sanctions, embargoes,
and trade wars; actions of competitors in the various industries in
which we compete; development and use of new technologies and
technological difficulties; the interpretation of, or adoption of
new, compliance requirements with respect to engine emissions,
safety or other aspects of our products; labor relations; interest
rates and currency exchange rates; inflation and deflation; energy
prices; prices for agricultural commodities and material price
increases; housing starts and other construction activity; our
ability to obtain financing or to refinance existing debt; price
pressure on new and used equipment; the resolution of pending
litigation and investigations on a wide range of topics, including
dealer and supplier litigation, intellectual property rights
disputes, product warranty and defective product claims, and
emissions and/or fuel economy regulatory and contractual issues;
security breaches, cybersecurity attacks, technology failures, and
other disruptions to the information technology infrastructure of
CNH Industrial and its suppliers and dealers; security breaches
with respect to our products; our pension plans and other
post-employment obligations; political and civil unrest; volatility
and deterioration of capital and financial markets, including
pandemics (such as the COVID-19 pandemic), terrorist attacks in
Europe and elsewhere; the remediation of a material weakness; our
ability to realize the anticipated benefits from our business
initiatives as part of our strategic plan, including targeted
restructuring actions to optimize our cost structure and improve
the efficiency of our operations; our failure to realize, or a
delay in realizing, all of the anticipated benefits of our
acquisitions, joint ventures, strategic alliances or divestitures
and other similar risks and uncertainties, and our success in
managing the risks involved in the foregoing.
Forward-looking statements are based upon
assumptions relating to the factors described in this press
release, which are sometimes based upon estimates and data received
from third parties. Such estimates and data are often revised.
Actual results may differ materially from the forward-looking
statements as a result of a number of risks and uncertainties, many
of which are outside CNH’s control. CNH expressly disclaims any
intention or obligation to provide, update or revise any
forward-looking statements in this announcement to reflect any
change in expectations or any change in events, conditions or
circumstances on which these forward-looking statements are based.
Further information concerning CNH Industrial, including factors
that potentially could materially affect CNHs financial results, is
included in CNH’s reports and filings with the U.S. Securities and
Exchange Commission (“SEC”).
All future written and oral forward-looking
statements by CNH or persons acting on the behalf of CNH are
expressly qualified in their entirety by the cautionary statements
contained herein or referred to above.
Grafico Azioni CNH Industrial NV (BIT:1CNHI)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni CNH Industrial NV (BIT:1CNHI)
Storico
Da Nov 2023 a Nov 2024
