Pricing of CNH Industrial Capital LLC $500 million notes
17 Maggio 2022 - 11:25PM
London, May 17, 2022
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
today announced that its wholly owned subsidiary, CNH Industrial
Capital LLC, has priced $500 million in aggregate principal amount
of 3.950% notes due 2025, with an issue price of 99.469%. The
offering is expected to close on May 23, 2022, 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 May 23 and November 23 of each year, beginning on
November 23, 2022, 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 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 and UniCredit Capital Markets LLC 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 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.
***
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 Relations
Email: mediarelations@cnhind.com
Investor Relations
Email: investor.relations@cnhind.com
- PR_pricing of CNHi Capital LLC $500 million notes FINAL
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