By Michael Dabaie

 

CNH Industrial N.V. said its indirect wholly-owned subsidiary, CNH Industrial Capital Canada Ltd., plans to offer new notes in a private placement to investors in Canada.

The notes will be guaranteed by CNH Industrial Capital LLC, CNH Industrial Capital America LLC and New Holland Credit Co. LLC, each an indirect wholly owned subsidiary of CNH Industrial N.V.

The agricultural equipment and commercial vehicles company said it plans to add the net proceeds to its general funds to be used for working capital and other general corporate purposes.

CNH Industrial shares were up 3% to $17.27.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

September 23, 2021 11:19 ET (15:19 GMT)

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