Core Points - CNH Industrial N.V. announced the pricing of $500 million in 4.750% notes due 2028, with an issue price of 99.658% [1] - The offering is expected to close on March 21, 2025, subject to customary closing conditions [1] Use of Proceeds - The net proceeds from the offering will be added to CNH Industrial Capital LLC's general funds for working capital and other corporate purposes, including the purchase of receivables or assets [2] - Proceeds may also be used to repay CNH Industrial Capital LLC's indebtedness as it becomes due [2] Notes Details - The notes are senior unsecured obligations of CNH Industrial Capital LLC, paying interest semi-annually starting September 21, 2025, and maturing on March 21, 2028 [3] - The notes will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, both wholly owned subsidiaries of CNH Industrial Capital LLC [3] Underwriters - BNP Paribas Securities Corp., BofA Securities, Deutsche Bank Securities, and Goldman Sachs are acting as joint book-running managers for the offering [4] - Additional joint book-running managers include BBVA Securities, Intesa Sanpaolo IMI Securities, SMBC Nikko Securities, and UniCredit Capital Markets [4] Company Overview - CNH Industrial Capital LLC is a wholly owned subsidiary of CNH Industrial N.V., headquartered in Racine, Wisconsin [6] - The company primarily underwrites and manages financing products for customers and dealers of CNH Industrial North America, supporting the sale of agricultural and construction equipment [6]
Pricing of CNH Industrial Capital LLC $500 million notes