CNH Industrial announces subsidiary notes offering
June 23 2020 - 8:50AM
London, June 23, 2020
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.
J.P. Morgan Securities LLC, NatWest Markets
Securities Inc., Société Générale and Wells Fargo Securities, LLC
are acting as joint book-running managers and the representatives
of the underwriters for the offering, and Banca IMI S.p.A., Credit
Agricole Securities (USA) Inc. 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 15, 2019. Copies of the preliminary prospectus supplement and
prospectus for the offering may be obtained by contacting J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, Telephone: 1-866-803-9204;
NatWest Markets Securities Inc., 600 Washington Boulevard,
Stamford, CT 06901, Attn: NatWest Markets Syndicate Desk,
Telephone: 1-203-897-6166, Email:
SyndicateAmericas@natwestmarkets.com; Société Générale, 245 Park
Avenue, New York, NY 10167, Attn: Syndicate Desk GLBA/SYN/CAP/BND,
Telephone: 1-855-881-2108, Email: LON-GLFI-SYN-CAP@sgcib.com; or
Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000,
Minneapolis, MN 55402, Attn: WFS Customer Service, Telephone:
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
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