What is the story about?
What's Happening?
CNH Industrial Capital LLC, a subsidiary of CNH Industrial N.V., has announced the pricing of $500 million in aggregate principal amount of 4.500% notes due 2030. The notes are expected to close on September 29, 2025, subject to customary closing conditions. The proceeds from the offering will be used for general corporate purposes, including working capital and the purchase of receivables or other assets. The notes are senior unsecured obligations and will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC.
Why It's Important?
The issuance of these notes is a strategic financial move by CNH Industrial Capital LLC to bolster its liquidity and fund its operations. By securing long-term financing, the company can ensure stability and flexibility in managing its financial obligations and pursuing growth opportunities. This move may also reflect confidence in the company's financial health and its ability to meet future challenges in the industrial sector.
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