LONDON, Nov. 14, 2017 /PRNewswire/ -- CNH Industrial N.V.
(NYSE: CNHI / MI: CNHI) today announced that it has completed its
previously announced offering of $500
million in aggregate principal amount of 3.850% notes due
2027, with an issue price of 99.384%.
The net proceeds of the offering were approximately $494 million after payment of offering and
related expenses. CNH Industrial N.V. intends to use the net
proceeds from this offering for working capital and other general
corporate purposes.
The notes, which are senior unsecured obligations of CNH
Industrial N.V., will pay interest semi-annually on May 15 and November
15 of each year, beginning on May 15,
2018. The notes will mature on November 15, 2027. CNH Industrial N.V. will apply
to list the notes on the New York Stock Exchange.
BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities acted
as the joint book-running managers and underwriters for the
offering. The offering was made pursuant to an effective shelf
registration statement filed with the U.S. Securities and Exchange
Commission on September 11, 2015.
Copies of the prospectus supplement and the accompanying prospectus
for the offering may be obtained by contacting BofA Merrill Lynch
at 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus
Department, toll-free at 1-800-294-1322 or at
dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC at 383
Madison Avenue, New York, NY,
10179, Attn: Investment Grade Syndicate Desk, 3rd Floor, or by
telephone at (212) 834-4533; or Wells Fargo Securities, LLC at 608
2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer
Service, toll-free at (800) 645-3751 or at
wfscustomerservice@wellsfargo.com. 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.
This press release contains forward-looking statements. These
statements reflect current beliefs, as well as assumptions made by,
and information available to, the entities referred to in this
press release. Forward-looking statements are not guarantees of
future performance and involve risks and uncertainties. Actual
future results and developments could differ materially from those
set forth in these statements due to various factors. These factors
include, among others, changes in the general economic and
competitive situation, particularly in the CNH Industrial group's
businesses and markets. In addition, future results and
developments could be affected by the performance of financial
markets, fluctuations in exchange rates and changes in national and
supranational law. CNH Industrial does not undertake any
obligation to update forward-looking statements.
CNH Industrial N.V. (NYSE: CNHI
/MI: CNHI) is a global leader in the capital goods sector
with established industrial experience, a wide range of products
and a worldwide presence. Each of the individual brands belonging
to the Company is a major international force in its specific
industrial sector: Case IH, New Holland Agriculture and Steyr for
tractors and agricultural machinery; Case and New Holland
Construction for earth moving equipment; Iveco for commercial
vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco
Astra for quarry and construction vehicles; Magirus for
firefighting vehicles; Iveco Defence Vehicles for defence and civil
protection; and FPT Industrial for engines and transmissions.
More information can be found on the corporate website:
www.cnhindustrial.com, however, the content of this
website shall not be deemed to be a part of this press
release.
Contacts:
Corporate Communications
Email:
mediarelations@cnhind.com
Investor Relations
Email:
investor.relations@cnhind.com
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SOURCE CNH Industrial N.V.