CNH Industrial Capital LLC: debt financing — CNH Industrial Capital closes $600M 4.550% notes due 2028 for working capital

CNH Industrial Capital LLC

Issued $600M senior unsecured notes at 98.857% of principal, maturing April 10, 2028.
Interest rate 4.550%, payable semi-annually on April 10 and October 10, starting October 10, 2023.
Net proceeds of ~$588M to fund working capital, purchase receivables, or repay existing debt.
Notes guaranteed by wholly owned subsidiaries CNH Industrial Capital America LLC and New Holland Credit Company LLC.
Joint book-runners: Deutsche Bank, Citigroup, Goldman Sachs, MUFG; offering under effective shelf registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

CNH Industrial Capital LLC incurred senior notes of $600 million with Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, MUFG Securities Americas Inc., BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Mizuho Securities USA LLC, Rabo Securities USA, Inc. at 4.550% maturing April 10, 2028.

Instrument: senior notes
Principal: $600 million
Counterparty: Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, MUFG Securities Americas Inc., BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Mizuho Securities USA LLC, Rabo Securities USA, Inc.
Rate: 4.550%
Maturity: April 10, 2028
Event: incurrence

Exact text from the filing

CNH Industrial Capital LLC, has completed its previously announced offering of $600 million in aggregate principal amount of 4.550% notes due 2028, with an issue price of 98.857%.

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Source: SEC EDGAR

accession 0001104659-23-043633

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