CNH Industrial extends €3.25B credit facility
CNH Industrial N.V. entered into a Credit Agreement Amendment with Citibank Europe plc, UK Branch, extending the maturity of its €3.25 billion credit facility to April 18, 2031.
Rhea-AI Filing Summary
CNH Industrial N.V. entered into a Credit Agreement Amendment with Citibank Europe plc, UK Branch, extending the maturity of its €3.25 billion credit facility to April 18, 2031. This preserves access to a large committed source of liquidity for a longer period.
As of the date of the amended credit agreement, no borrowings are outstanding under the facility, and CNH may borrow and repay amounts from time to time. The amendment is documented in an extension letter agreement filed as an exhibit.
Positive
- None.
Negative
- None.
Insights
CNH extends a large unused credit line to 2031, reinforcing liquidity flexibility.
CNH Industrial has extended the maturity of its €3.25 billion revolving credit facility to April 18, 2031. This facility is currently undrawn, so the change affects future financing flexibility rather than current leverage or cash balances.
Keeping a sizable committed line in place for several more years supports the company’s ability to manage working capital, refinancing, or investment needs as they arise. Because there are no borrowings outstanding, the amendment is primarily a structural liquidity backstop rather than an immediate financial event.
8-K Event Classification
Key Figures
Key Terms
Material Definitive Agreement regulatory
Credit Agreement Amendment financial
off-balance sheet arrangement financial
Facility Agent financial
Interactive Data File technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CNH (CNH) disclose in this 8-K filing?
How large is CNH’s credit facility mentioned in the filing?
To what date was CNH’s €3.25 billion credit facility extended?
Does CNH currently have any borrowings under this credit agreement?
Who is the facility agent for CNH’s extended credit agreement?
What exhibit contains the details of CNH’s Credit Agreement Amendment?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| N/A | ||
| (Address of principal executive offices) | (Zip Code) |
+44
Registrant’s telephone number including area code
N/A
(Former name, former address and former fiscal year, if changed since last report):
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Exchange Act of 1934(§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement
On March 26, 2026, CNH Industrial N.V. (the “Company” or “CNH”) and Citibank Europe Plc, UK Branch as facility agent, agreed to extend the maturity date of the Company’s €3.25 billion credit facility to April 18, 2031 (the “Credit Agreement Amendment”).
The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Credit Agreement Amendment, which is attached as Exhibit 10.1 and incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set forth under Item 1.01 is incorporated by reference into this Item 2.03. As of the date of the Credit Agreement, there are no borrowings outstanding under the Credit Agreement. CNH may from time to time borrow under the Credit Agreement and repay such borrowings.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit 10.1 |
Extension Letter Agreement, dated March 26, 2026, by and between CNH Industrial N.V. and Citibank Europe plc, UK Branch as Facility Agent | |
| Exhibit 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| CNH INDUSTRIAL N.V. | ||
| By:
|
/s/ Britton Worthen
| |
| Name: | Britton Worthen | |
| Title: | Chief Legal and Compliance Officer | |
Date: March 30, 2026