London, April 10, 2023
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly
owned subsidiary, CNH Industrial Capital LLC, has completed its previously
announced offering of $600 million in aggregate principal amount of 4.550%
notes due 2028, with an issue price of 98.857%.
The net proceeds of this offering were approximately $588 million after payment
of offering and other related expenses. 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.
The notes, which are senior unsecured obligations of CNH Industrial Capital LLC,
will pay interest semi-annually on April 10 and October 10 of each year,
beginning on October 10, 2023, and 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. The notes will mature on April 10, 2028.
Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Goldman Sachs
& Co. LLC and MUFG Securities Americas Inc. are acting as joint book-running
managers and the representatives of the underwriters for the offering, and
BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Mizuho Securities
USA LLC and Rabo Securities USA, Inc. are acting as joint book-running
managers for the offering. The offering was made pursuant to an effective shelf
registration statement filed with the U.S. Securities and Exchange Commission
on March 14, 2022. Copies of the prospectus supplement and accompanying
prospectus for the offering may be obtained by contacting Deutsche Bank
Securities Inc., Attn: Prospectus Group, 1 Columbus Circle, New York, NY
10019, Telephone: 1-800-503-4611, Email: prospectus-CPDB@db.com;
Citigroup Global Markets Inc., Attn: Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, Telephone: 1-800-831-9146, Email:
prospectus@citi.com, Goldman Sachs & Co. LLC, 200 West Street, New York,
NY 10282, Attn: Prospectus Department, Telephone: 1-866-471-2526, Email:
prospectus-ny@ny.email.gs.com; or MUFG Securities Americas Inc., Attn:
Capital Markets Group, 1221 Avenue of the Americas, 6th Floor, New York, New
York 10020, Telephone: 1-877-649-6848. Copies of the 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.