CNH Industrial Capital LLC Prices New $500 Million Notes
Overview of the Capital Offering
CNH Industrial N.V. (NYSE: CNH) has made a significant financial move by pricing $500 million in 4.500% notes due in 2030. This strategic offering, conducted by its subsidiary CNH Industrial Capital LLC, is poised to close soon, permitting the company to enhance its financial stability and operational capabilities.
Pricing and Terms of the Notes
The notes were priced at an issue price of 99.765%, indicating a solid market interest. The anticipated closing of this offering is set for the end of the month, provided all customary closing conditions are met.
Interest Payments and Maturity Details
Investors can expect to receive interest payments semi-annually on April 16 and October 16, initiating from April 16, 2026. The maturity date for these notes is set for October 16, 2030. This structured payment plan is designed to provide investors with predictable returns over the investment period.
Utilization of Proceeds
CNH Industrial Capital LLC plans to incorporate the net proceeds from these notes into its general funds to facilitate various purposes. This includes bolstering working capital, acquiring receivables, and repaying existing debts as they mature. The strategic use of these funds underscores the company's commitment to maintaining robust liquidity and operational efficiency.
About the Company
As a wholly owned subsidiary of CNH Industrial N.V., CNH Industrial Capital LLC serves an essential role in the financial landscape of CNH Industrial America LLC and CNH Industrial Canada Ltd. The company is primarily engaged in offering financing products tailored for customers and dealers, thereby supporting the sale of agricultural and construction equipment.
Leadership in Financial Services
CNH Industrial Capital LLC operates as a captive finance entity, specializing not just in financing for CNH Industrial’s offerings, but also delivering support for used equipment and services across other brands. The company is well-equipped to promote sales and facilitate easier financing options for customers, contributing significantly to the overall revenue stream of CNH Industrial.
Company Contact Information
For those interested in reaching out, CNH Industrial Capital LLC can be contacted at its headquarters located in Waterford, Wisconsin. The office is equipped to handle inquiries from both media and investors, ensuring prompt communication and support for all stakeholders.
Frequently Asked Questions
What is the purpose of the $500 million notes issued by CNH Industrial Capital LLC?
The proceeds are intended for working capital, general corporate purposes, and debt repayment.
When do the notes mature?
These notes are set to mature on October 16, 2030.
Who are the underwriters of the offering?
Key underwriters include Citigroup Global Markets, Mizuho Securities, RBC Capital Markets, and Wells Fargo Securities.
What are the interest payment dates for the notes?
Interest payments will be made semi-annually on April 16 and October 16, starting in 2026.
Where is CNH Industrial Capital LLC headquartered?
CNH Industrial Capital LLC's headquarters is located in Waterford, Wisconsin.
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