CNH Industrial Capital LLC Issues $500 Million in Notes
CNH Industrial Capital LLC Announces Pricing of $500 Million Notes
March 18, 2025 – CNH Industrial Capital LLC, a leading provider of financial services to the agricultural, construction, and industrial equipment industries, announced today that it has priced its offering of $500 million aggregate principal amount of 5.75% senior notes due 2035.
The notes will bear interest at a rate of 5.75% per annum and will mature on March 15, 2035. The offering is expected to close on March 24, 2025, subject to customary closing conditions.
The notes will be guaranteed by CNH Industrial Capital's parent company, CNH Industrial N.V. The notes will be senior unsecured obligations of CNH Industrial Capital LLC and will be issued under its existing shelf registration statement.
The offering is being made only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended, and outside the United States, only to non-U.S. persons in compliance with Regulation S under the Securities Act of 1933, as amended.
CNH Industrial Capital LLC intends to use the net proceeds from the offering to refinance existing indebtedness, fund its business and for general corporate purposes.
Goldman Sachs & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint bookrunners for the offering. Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are acting as joint lead managers.
This press release is not an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The notes have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.