Cookie Consent by Free Privacy Policy website Closing of CAD$ 300 million notes of CNH Industrial Capital Canada Ltd.
september 28, 2021 - CNH Industrial

Closing of CAD$ 300 million notes of CNH Industrial Capital Canada Ltd.

NH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its indirect wholly owned subsidiary, CNH Industrial Capital Canada Ltd., has completed its previously announced private placement offering of CAD$ 300 million in aggregate principal amount of 1.50% notes due October 1, 2024, with an issue price of 99.936%. The notes were offered in a private placement to certain accredited investors in each of the provinces of Canada.

CNH Industrial Capital Canada Ltd. 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 #cnhindustrial Capital Canada Ltd.’s indebtedness as it becomes due.

The notes, which are senior unsecured obligations of CNH Industrial Capital Canada Ltd., will pay interest semi-annually on April 1 and October 1 of each year, beginning on April 1, 2022, and will be guaranteed by CNH Industrial Capital LLC, CNH Industrial Capital America  LLC  and  New  Holland  Credit  Company,  LLC,  each  an  indirect  wholly  owned subsidiary of #cnhindustrial N.V.  

You might be interested in

september 27, 2023
september 26, 2023
august 08, 2023

CNH continues advancing its technology to make farming easier, more efficient, and more sustainable for our customers.This commitm...

New entry in New Holland’s alternative fuel tractor portfolio, extending brand offering with Compressed Natural Gas technology and...

This accomplishment acts in support of the UN's global Sustainable Development GoalsStrengthening the circular economy is one of t...