CNH Industrial announces subsidiary notes offering
24 September 2021 - 12:40AM
London, September 23, 2021
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI)
today announced that its indirect wholly owned subsidiary, CNH
Industrial Capital Canada Ltd., plans to offer new notes in a
private placement to certain accredited investors in each of the
provinces of Canada, subject to market conditions. The notes will
be guaranteed by CNH Industrial Capital LLC, CNH Industrial Capital
America LLC and New Holland Credit Company, LLC, each an indirect
wholly owned subsidiary of CNH Industrial N.V. CNH Industrial
Capital Canada Ltd. is the primary financing and business entity in
Canada for CNH Industrial Capital LLC, the North American arm of
CNH Industrial’s global financial services business.
CNH Industrial Capital Canada Ltd. 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 Canada Ltd.’s
indebtedness as it becomes due.
***
The securities offered in the private placement
have not been and will not be qualified for sale to the public
under applicable securities laws in Canada and, accordingly, any
offer and sale of the securities in Canada will be made on a basis
which is exempt from the prospectus requirements of such securities
laws.
The securities offered in
the private placement have not been registered under
the Securities Act of 1933, as amended (the “Securities Act”), or
applicable state securities laws. Accordingly, the securities may
not be offered or sold in the United States except pursuant to an
effective registration statement or an applicable exemption from
the registration requirements of the Securities Act and such
applicable state securities laws.
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 is being issued pursuant to
and in accordance with Rule 135c under the Securities Act.
Contacts:
Corporate Communications
Email: mediarelations@cnhind.com
Investor Relations
Email: investor.relations@cnhind.com
- 20210923_PR_CNH_Industrial_Capital_Canada_Bond_Launch
CNH Industrial NV (NYSE:CNHI)
Historical Stock Chart
From Mar 2024 to Apr 2024
CNH Industrial NV (NYSE:CNHI)
Historical Stock Chart
From Apr 2023 to Apr 2024