CNH Industrial N.V. announces the extension by one additional year to March 2026 of its syndicated credit facility
On February 26, 2021, CNH Industrial (NYSE: CNHI) announced the exercise of a one-year extension option for its €3.95 billion revolving credit facility, now set to mature in March 2026.
Rhea-AI Summary
On February 26, 2021, CNH Industrial (NYSE: CNHI) announced the exercise of a one-year extension option for its €3.95 billion revolving credit facility, now set to mature in March 2026. The remaining €49.5 million will mature in March 2025. This financial move indicates the company's strategic focus on maintaining liquidity and flexibility within its capital structure.
Positive
- Extended credit facility provides financial flexibility until 2026.
Negative
- No additional financial metrics or growth indicators are provided.
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News Market Reaction – CNHI
The recorded move for CNHI in the trading session of this news was +1.42%.
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London, February 26, 2021
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) announces that it has exercised the second one-year extension option (i.e. to March 2026) of its syndicated committed revolving credit facility for
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com
Contacts:
Corporate Communications
Email: mediarelations@cnhind.com
Investor Relations
Email: investor.relations@cnhind.com
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