Today: August 15, 2018, 8:41 am
  
Business

Pricing of CNH Industrial Capital LLC $500 million notes

PR-Inside.com: 2018-08-09 22:17:01

London, August 9, 2018

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced $500 million in aggregate principal amount of 4.200% notes due 2024, with an issue price of 99.701%. The offering is expected to close on August 14, 2018.

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.

The notes, which are senior unsecured obligations of CNH Industrial Capital LLC, will pay interest semi-annually on January 15 and July 15 of each year, beginning on January 15, 2019, and 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. The notes will mature on January 15, 2024.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers and the representatives of the underwriters for the offering, and Santander Investment Securities Inc. and J.P. Morgan 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 September 11, 2015. Copies of the preliminary prospectus supplement and prospectus for the offering may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC  28255-0001, Attn: Prospectus Department, Telephone: 1-800-294-1322, Email: dg.prospectus_requests@baml.com; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, Telephone: (866) 471-2526, Fax: (212) 902-9316, Email: prospectus-ny@ny.email.gs.com; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, Telephone:  (866) 375-6829, Email: rbcnyfixedincomeprospectus@rbccm.com, Attn: Transaction Management; or Wells Fargo Securities, LLC, 550 South Tryon Street, 5th Floor, Charlotte, NC 28202, Attn: WFS Customer Service, Toll-Free: 1-800-645-3751, Email: wfscustomerservice@wellsfargo.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:

Corporate Communications

Email: mediarelations@cnhind.com

Investor Relations

Email: investor.relations@cnhind.com

Attachment




# 775 Words
Related Articles
More From The Author
TGS - Mandatory Notification of Trade
HOUSTON, TEXAS (9 August 2018) - Zhiming Li, SVP Imaging, has today sold 32,800 shares in TGS-Nopec Geophysical Company ASA [..]
EURO Ressources reports earnings for the 2nd [..]
Paris, France, August 9, 2018:  EURO Ressources S.A. ("EURO" or "the Company") (Paris: EUR) today announced [..]
Cyber Security 1 AB: CYBER1 ENTERS EXCLUSIVE [..]
PRESS RELEASE                                                                                 London, [..]
A.M. Best Affirms Credit Ratings of Milli [..]
A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of [..]
A.M. Best Affirms Credit Ratings of Delvag [..]
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of [..]
 
More From Business
JUMBO Revenue Increases 2.9% to $35.8 Million [..]
SINGAPORE, Aug 14, 2018 - (ACN Newswire) - JUMBO Group Limited ("JUMBO", SGX:42R), one of Singapore's leading multidining [..]
ETC Singapore clinches four titles at the [..]
SINGAPORE, Aug 14, 2018 - (ACN Newswire) - Catalist-listed Emerging Towns & Cities Singapore Ltd ("ETC Singapore", SGX:1C0), [..]
PropNex Grows Locally and Regionally with Further [..]
SINGAPORE, Aug 14, 2018 - (ACN Newswire) - PropNex announced the official launch of PropNex Realty (Vietnam) Company Limited, at [..]
LHN Delivers Net Earnings of S$1.3 million [..]
SINGAPORE, Aug 14, 2018 - (ACN Newswire) - LHN Limited ("LHN", SGX:41O), real estate management services group, achieved [..]
Strong FFB production weighed down by FX [..]
SINGAPORE, Aug 14, 2018 - (ACN Newswire) - Kencana Agri Limited ("Kencana", SGX:BNE), today announced its financial results [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.