CNH Industrial announces subsidiary notes offering
07 October 2022 - 12:10AM
London, October 6, 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.
BofA Securities, Inc., J.P. Morgan Securities
LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are
acting as joint book-running managers and the representatives of
the underwriters for the offering, and BNP Paribas Securities
Corp., CIBC World Markets Corp. and Wells Fargo Securities, 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 BofA Securities, Inc., Attn: Prospectus Department, 200
North College Street, NC1-004-03-43, Charlotte, NC 28255-0001,
Telephone: 1-800-294-1322, Email: dg.prospectus_requests@bofa.com;
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY
11717, Telephone: 1-866-803-9204; Morgan Stanley & Co. LLC, 180
Varick Street, New York, NY 10014, Attn: Prospectus Department,
Telephone: 1-866-718-1649, Email: prospectus@morganstanley.com; or
RBC Capital Markets, LLC, Attn: Syndicate Operations, 200 Vesey
Street, 8th Floor, New York, NY 10281, Telephone: 1-866-375-6829,
Email: rbcnyfixedincomeprospectus@rbccm.com. 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 RelationsEmail:
mediarelations@cnhind.com
Investor RelationsEmail:
investor.relations@cnhind.com
- 20221006_PR_CNH Industrial_Notes_Offering_Launch
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