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

Tidewater Equipment Company has expanded its operations in the southeastern United States by opening a new full-service location in Enterprise, Alabama. This marks Tidewater's sixth construction equipment facility, enhancing support for the local construction industry. The new location offers dedicated equipment sales, parts, and service. Executives from CASE and local officials attended the opening, emphasizing a commitment to customer service and equipment innovation. Tidewater aims to improve job creation and business success in the region.

CASE Construction Equipment has expanded its dealer network in the Southeast with the opening of two new facilities by Hills Machinery in Wilmington and Asheville, North Carolina. These locations enhance customer service and accessibility, allowing equipment owners to be within 90 miles of support. The expansions aim to strengthen CASE's presence in the booming Carolinas, where Hills Machinery now operates nine locations. The new facilities will focus on equipment sales, rentals, service, and support, providing comprehensive access to the latest technology and services for construction and agricultural markets.

CNH Industrial has released the companion guide to its 2021 Sustainability Report, titled A Sustainable Year, which outlines key sustainability initiatives achieved in 2021.

This publication emphasizes the company's dedication to sustainability, showcasing initiatives such as CASE Construction Equipment's beach cleanup project and plans to install solar panels at all manufacturing sites by 2030. Additionally, the New Holland e-Source program aims to improve energy efficiency in agriculture. CNH Industrial has been recognized for its sustainability efforts, maintaining its position as a leader in corporate sustainability for over a decade.

CNH Industrial (NYSE: CNHI) highlights its commitment to inclusivity in agriculture by showcasing women farmers in a new video filmed in Italy. The video emphasizes the growing role of women in the rural economy and how they leverage New Holland equipment to enhance productivity and sustainability. The company aims to break new ground through innovation, sustainability, and productivity, serving its global brands, including Case IH and New Holland Agriculture, dedicated to advancing agricultural and construction technologies.

CNH Industrial N.V. announced the completion of a $500 million offering of 3.950% notes due 2025. The notes, issued by wholly-owned subsidiary CNH Industrial Capital LLC, were sold at an issue price of 99.469%. Net proceeds of approximately $495 million will support working capital and repay existing debt. The notes, guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, will pay interest semi-annually, starting November 23, 2022, and mature on May 23, 2025.

CNH Industrial N.V. (NYSE: CNHI) announced the pricing of $500 million in 3.950% notes due 2025 through its subsidiary, CNH Industrial Capital LLC. The offering, expected to close on May 23, 2022, will utilize proceeds for general corporate purposes, including working capital and debt repayment. The notes are senior unsecured obligations, maturing on May 23, 2025, with interest payments scheduled semi-annually. Underwriters include Citigroup and Goldman Sachs, among others. This offering follows a shelf registration statement filed with the SEC.