Image Source: AsiaOne
Pricing of CNH Industrial Capital LLC $400 million notesGlobeNewswireOctober 06, 2022London, October 6, 2022 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced $400 million in aggregate principal amount of 5.450% notes due 2025, with an issue price of 99.349%. The offering is expected to close on October 14, 2022, subject to the satisfaction of customary closing conditions. 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.
Source: AsiaOne