trending Market Intelligence /marketintelligence/en/news-insights/trending/8uy76wjatdpwmwmk1mhtna2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

CNH Industrial Capital prices debt offering

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


CNH Industrial Capital prices debt offering

CNH Industrial Capital LLC priced $500 million in aggregate principal amount of its 4.200% senior unsecured notes, with an issue price of 99.701%.

The offering is expected to close Aug. 14.

The notes will mature on Jan. 15, 2024.

The notes will pay interest semiannually on Jan. 15 and July 15 of each year, starting Jan. 15, 2019.

The company intends to add the net proceeds to its general funds and use them for working capital and other general corporate purposes, including the purchase of receivables or other assets in the ordinary course of business. The net proceeds may also be used to repay CNH Industrial Capital's debt.

Merrill Lynch Pierce Fenner & Smith Inc., Goldman Sachs & Co. LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC are acting as joint book-running managers and representatives of the underwriters for the offering, while Santander Investment Securities Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers.