Group 1 - CNH Industrial N.V. announced the pricing of Cdn$500 million in aggregate principal amount of 3.75% notes due June 5, 2029, with an issue price of 100.00% [1] - The offering is expected to close on June 5, 2025, subject to customary closing conditions [1] - The net proceeds from the offering will be used for working capital and other general corporate purposes, including the purchase of receivables and repayment of indebtedness [2] Group 2 - The notes are senior unsecured obligations and will pay interest semi-annually starting December 5, 2025 [3] - The notes will be guaranteed by CNH Industrial Capital LLC, CNH Industrial Capital America LLC, and New Holland Credit Company, LLC, all of which are indirect wholly owned subsidiaries of CNH Industrial N.V. [3] - The securities offered in the private placement have not been qualified for sale to the public under applicable securities laws in Canada [4] Group 3 - The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without an effective registration statement or applicable exemption [5] - This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities [6] - CNH Industrial Capital LLC primarily underwrites and manages financing products for customers and dealers of CNH Industrial North America [7]
Pricing of CNH Industrial Capital Canada Ltd. Cdn$500 million notes