Pricing of CNH Industrial Capital LLC $500 million notes
CNH Industrial Capital LLC (NYSE: CNH), a wholly owned subsidiary of CNH Industrial N.V., has priced $500 million in 4.500% notes due 2030 with an issue price of 99.765%. The notes, which are senior unsecured obligations, will pay interest semi-annually starting April 16, 2026.
The offering, expected to close on September 29, 2025, will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC. The proceeds will be used for working capital, general corporate purposes, including receivables purchase, and potential debt repayment. The notes will mature on October 16, 2030.
CNH Industrial Capital LLC (NYSE: CNH), una controllata interamente di CNH Industrial N.V., ha emesso 500 milioni di dollari in obbligazioni 4,500% con scadenza nel 2030 a un prezzo di emissione del 99,765%. Le obbligazioni, senior non garantite, pagheranno interessi semestrali a partire dal 16 aprile 2026. L'offerta, che si prevede chiuderà il 29 settembre 2025, sarà garantita da CNH Industrial Capital America LLC e New Holland Credit Company, LLC. I proventi saranno destinati a capitale circolante, scopi aziendali generali, inclusa l'acquisto di crediti e possibile rimborso del debito. Le obbligazioni scadranno il 16 ottobre 2030.
CNH Industrial Capital LLC (NYSE: CNH), una filialade CNH Industrial N.V. 100% propiedad, ha fijado un precio de $500 millones en bonos a 4,500% con vencimiento en 2030 con un precio de emisión de 99,765%. Los bonos, obligaciones senior no garantizadas, pagarán intereses semestrales a partir del 16 de abril de 2026. La oferta, se espera que cierre el 29 de septiembre de 2025, estará garantizada por CNH Industrial Capital America LLC y New Holland Credit Company, LLC. Los ingresos se utilizarán para capital de trabajo, fines corporativos generales, incluida la compra de cuentas por cobrar y posible reembolso de deuda. Los bonos vencerán el 16 de octubre de 2030.
CNH Industrial Capital LLC(NYSE: CNH)는 CNH Industrial N.V.의 전액 출자 자회사로서, 2030년 만기 4.500% 채권 5억 달러를 발행가 99.765%로 발행했습니다. 이 채권은 우선 무담보 채권이며 이자는 2026년 4월 16일부터 반년마다 지급됩니다. 공모는 2025년 9월 29일에 마감될 예정이며 CNH Industrial Capital America LLC 및 New Holland Credit Company, LLC가 보증합니다. 수익금은 운전자본, 일반 기업 목적(매출채권 매입 포함) 및 부채 상환 가능성 등에 사용할 예정입니다. 채권의 만기는 2030년 10월 16일입니다.
CNH Industrial Capital LLC (NYSE: CNH), filiale à 100 % de CNH Industrial N.V., a fixé à 500 millions de dollars des obligations simples non garanties à 4,500% avec échéance en 2030, à un prix d'émission de 99,765%. Les obligations, seniors non garanties, payeront des intérêts semestriels à partir du 16 avril 2026. L'offre, dont la clôture est prévue le 29 septembre 2025, sera garantie par CNH Industrial Capital America LLC et New Holland Credit Company, LLC. Le produit sera utilisé pour le fonds de roulement, les objectifs généraux de l'entreprise, y compris l'achat de créances et le remboursement éventuel de dette. Les obligations arriveront à échéance le 16 octobre 2030.
CNH Industrial Capital LLC (NYSE: CNH), eine hundertprozentige Tochtergesellschaft von CNH Industrial N.V., hat 500 Millionen US-Dollar in unbesicherten Senior-Anleihen zu 4,500% mit Fälligkeit 2030 zu einem Ausgabepreis von 99,765% platziert. Die Anleihen zahlen Zinsen halbjährlich ab dem 16. April 2026. Das Angebot, dessen Abschluss voraussichtlich am 29. September 2025 erfolgt, wird von CNH Industrial Capital America LLC und New Holland Credit Company, LLC garantiert. Die Erlöse werden für Working Capital, allgemeine Unternehmenszwecke, einschließlich Forderungskauf, und ggf. Schuldenrückzahlungen verwendet. Die Anleihen laufen am 16. Oktober 2030 ab.
CNH Industrial Capital LLC (NYSE: CNH)، وهي شركة فرعية مملوكة بالكامل لـ CNH Industrial N.V., قد حددت سعر发行 للسندات بقيمة 500 مليون دولار بعائد 4.500% تستحق في 2030، بسعر إصدار 99.765%. تعتبر السندات ديوناً دائمة مضمونة بشكل عام؟، وسيتم دفع الفوائد نصف سنوية اعتباراً من 16 أبريل 2026. من المتوقع أن يغلق العرض في 29 سبتمبر 2025، وسيكون مُزوداً بضمان CNH Industrial Capital America LLC و New Holland Credit Company, LLC. ستُستخدم العائدات لرأس المال العامل، وأغراض شركة عامة، بما في ذلك شراء الحسابات المدينة، وربما سداد الدين. ستنتهي صلاحية السندات في 16 أكتوبر 2030.
CNH Industrial Capital LLC (NYSE: CNH)，为 CNH Industrial N.V. 的全资子公司，已定价发行<5亿美元的4.500%到期日为2030年的票据，发行价为 99.765%。该票据为高级无担保债务，自 2026年4月16日起每六个月付息。此次发行预计于 2025年9月29日 完成，由 CNH Industrial Capital America LLC 与 New Holland Credit Company, LLC 提供担保。募集资金将用于营运资金、一般企业用途（包括应收账款购买）及可能的债务偿还。票据将于 2030年10月16日 到期。
- None.
- Additional long-term debt obligation with 4.500% interest rate
- Slight discount on issue price (99.765%) impacts effective cost of capital
Insights
CNH Industrial's financing arm secures $500M in medium-term debt at favorable 4.5% rate, strengthening its liquidity position.
CNH Industrial Capital LLC has priced a
The notes will be senior unsecured obligations guaranteed by two wholly owned subsidiaries of CNH Industrial Capital LLC, providing strong backing for investors. The semi-annual interest payments begin April 16, 2026, creating a predictable debt service schedule.
This transaction appears designed to support CNH's financing operations, which are crucial for enabling sales of the parent company's agricultural and construction equipment. By securing this medium-term financing, CNH Industrial Capital enhances its ability to provide competitive financing options to dealers and end customers, ultimately supporting equipment sales volumes.
The note issuance demonstrates CNH's continued access to debt markets and ability to secure financing for its captive finance arm. With eight major financial institutions underwriting the offering, including Citigroup and Mizuho Securities, the company has assembled strong distribution channels for the debt placement. The proceeds will bolster working capital and support the purchase of receivables, essentially fueling the lending operations that help customers finance equipment purchases while potentially refinancing existing debt obligations as they mature.
Pricing of CNH Industrial Capital LLC
Basildon, September 25, 2025
CNH Industrial N.V. (NYSE: CNH) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced
CNH Industrial Capital LLC intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business. The net proceeds may also be applied to repay CNH Industrial Capital LLC’s indebtedness as it becomes due.
The notes, which are senior unsecured obligations of CNH Industrial Capital LLC, will pay interest semi-annually on April 16 and October 16 of each year, beginning on April 16, 2026, and will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, each a wholly owned subsidiary of CNH Industrial Capital LLC. The notes will mature on October 16, 2030.
Citigroup Global Markets Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers and the representatives of the underwriters for the offering, and BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., Santander US Capital Markets LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering. The offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission on March 12, 2025. Copies of the prospectus supplement and the accompanying prospectus for the offering may be obtained by contacting Citigroup Global Markets Inc., 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Broadridge Financial Solutions, Telephone: 1-800-831-9146, Email: prospectus@citi.com; Mizuho Securities USA LLC, 1271 Avenue of the Americas, New York, NY 10020, Attn: Debt Capital Markets, Telephone:1-866-271-7403; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, Attn: Syndicate Operations, Telephone: 1-866-375-6829, Email: rbcnyfixedincomeprospectus@rbccm.com; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, Email: wfscustomerservice@wellsfargo.com, Toll-Free: 1-800-645-3751. Copies of the prospectus supplement and the accompanying prospectus for the offering are also available on the website of the U.S. Securities and Exchange Commission at http://www.sec.gov.
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This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
CNH Industrial Capital LLC is an indirect wholly owned subsidiary of CNH Industrial N.V. and is headquartered in Waterford, Wisconsin. As a captive finance company, the primary business of CNH Industrial Capital LLC and its subsidiaries is to underwrite and manage financing products for end-use customers and dealers of CNH Industrial America LLC and CNH Industrial Canada Ltd. (collectively, “CNH Industrial North America”) and provide other related financial products and services to support the sale of agricultural and construction equipment sold by CNH Industrial North America. CNH Industrial Capital LLC and its subsidiaries also provide wholesale and retail financing related to new and used agricultural and construction equipment manufactured by entities other than CNH Industrial North America. CNH Industrial Capital LLC’s principal executive offices are located at 1 CNH Way, Waterford, WI 53185, and the telephone number is +1 (262) 636-6011.
Contacts:
Media Relations
Email: mediarelations@cnh.com
Investor Relations
Email: investor.relations@cnh.com
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