CNH Industrial announces subsidiary notes offering
May 17 2022 - 9:20AM
London, May 17, 2022
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
today announced that its wholly owned subsidiary, CNH Industrial
Capital LLC, plans to offer new notes, subject to market
conditions. The notes 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. CNH Industrial
Capital LLC is the North American arm of CNH Industrial’s global
financial services business.
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.
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 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 preliminary 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 preliminary 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
- 20220517_PR_CNH_Industrial_Capital_Notes_Launch
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