CNH INDUSTRIAL N.V. Stock Price, News & Analysis

On April 4, 2023, CNH Industrial N.V. (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital LLC, has successfully priced $600 million in 4.550% notes due 2028. The issue price is set at 98.857%, with the offering expected to close on April 10, 2023. The proceeds will be used for general corporate purposes, including working capital and debt repayment. Interest on the notes will be paid semi-annually starting October 10, 2023. Deutsche Bank, Citigroup, Goldman Sachs, and MUFG are among the joint book-running managers for this offering.

New Holland Agriculture and Bennamann's "Energy Independent Net Zero Farming Circular Solution" won the Net Zero Circular Solution Award at the 2023 Anaerobic Digestion and Biogas Industry Awards. The accolade was presented during the World Biogas Expo in Birmingham, UK, representing CNH Industrial. The technology developed by Bennamann transforms livestock manure emissions into biomethane and by-products, reducing the carbon footprint of farms. Additionally, New Holland's T6.180 Methane Power Tractor, the only fully methane-fueled tractor on the market, played a crucial role in this innovation, with plans to extend their product line with a new LNG tractor.

On April 4, 2023, CNH Industrial (NYSE: CNHI) announced plans by its subsidiary, CNH Industrial Capital LLC, to offer new notes, pending market conditions. These notes will be guaranteed by other subsidiaries and are aimed at raising funds for working capital and corporate purposes, including asset purchases or debt repayment. The offering is conducted under an existing SEC registration statement from March 2022, with major financial institutions acting as underwriters. This offering is part of CNH Industrial's strategy to strengthen its financial position amidst market opportunities.

CNH Industrial (NYSE:CNHI) has announced an acquisition agreement for Hemisphere GNSS, a leader in high-performance satellite positioning technologies, for approximately $175 million. This acquisition aims to enhance CNH's automated and autonomous solutions in the agriculture and construction sectors by integrating Hemisphere's advanced Global Navigation Satellite System (GNSS) technology. The deal, expected to close in Q3 2023, will be funded with available cash. Hemisphere will continue to operate independently but will collaborate closely with CNH's existing brands to improve product offerings and user experience.

CNH Industrial's brand New Holland Agriculture has announced a partnership with UNIQ You, a not-for-profit organization, aimed at increasing female representation in the Australian agricultural sector. The collaboration will connect five women from New Holland's network to high school girls, providing guidance during critical career decision-making years. General Manager Bruce Healy emphasized the importance of diversity in securing the industry's future talent pool. This initiative aligns with New Holland's commitment to gender diversity, supporting the National Farmer's Federation's goal of doubling women in leadership positions by 2030.

CNH Industrial has announced an agreement to acquire Hemisphere GNSS for $175 million, aimed at enhancing its automated and autonomous solutions in agriculture and construction. This acquisition provides CNH with complete control over its precision and navigation technologies, significantly broadening its technology capabilities. Hemisphere will continue operating independently while its expertise will integrate into CNH’s products, enhancing user experience. The transaction is expected to close in Q3 2023, pending regulatory approvals. This move is positioned to boost CNH’s competitive edge in the market.

CNH Industrial's CASE Construction Equipment is partnering with non-profit Crew Collaborative to launch a groundbreaking career counseling and mentoring initiative called FrameWork. This program aims to address labor shortages by connecting high school students with opportunities in the construction industry. Following their recent collaboration at CONEXPO/CON-AGG, the initiative is set to undergo beta testing, with a full launch expected by Q1 2024. CASE's leadership highlights the importance of nurturing future talent to strengthen the workforce in North America's construction sector.

CNH Industrial hosted the "It's Time for Women" event in São Paulo, Brazil, focusing on female leadership and innovation in agriculture. Held at Cubo Itaú, the largest innovation hub in Latin America, the event gathered influential women to discuss their roles in Brazilian agribusiness. Carolina Brandão, Marketing Manager for Brazil, emphasized the need to empower women in agriculture. The gathering included notable speakers and CNH Industrial executives, highlighting women's contributions to innovation. The event aims to foster knowledge and training opportunities for women in rural areas.