--- schema_version: "secwatch.filing_event.v1" accession: "0001628280-24-016974" form_type: "8-K" ticker: "CNH" cik: "0001567094" company_name: "CNH Industrial N.V." filed_at: "2024-04-19T23:59:59+00:00" generated_at: "2026-06-03T15:57:17.502911+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # CNH Industrial enters €3.25B revolving credit facility, replaces $4B facility ## Summary - New €3.25B multicurrency revolving credit facility matures April 19, 2029, with two 1-year extension options. - Facility replaces $4B old credit agreement terminated on April 19, 2024. - Proceeds for general corporate purposes, working capital, and refinancing existing debt. - Company may increase commitments by up to €500 million; no outstanding borrowings at signing. ## SEC filing metadata - accession: 0001628280-24-016974 - form_type: 8-K - ticker: CNH - cik: 0001567094 - company_name: CNH Industrial N.V. - filed_at: 2024-04-19T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 1.02, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1567094/000162828024016974/0001628280-24-016974-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1567094/000162828024016974/cnhi-20240419.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001628280-24-016974 - JSON: https://secwatch.observer/filing/0001628280-24-016974.json - Plain text: https://secwatch.observer/filing/0001628280-24-016974.txt ## Key facts - Debt Financings CNH Industrial N.V. incurred revolving credit of €3.25 billion with Citibank Europe Plc, UK Branch as facility agent and the other lenders named therein at Not specified maturing April 19, 2029. - Instrument: revolving credit - Principal: €3.25 billion - Counterparty: Citibank Europe Plc, UK Branch as facility agent and the other lenders named therein - Rate: Not specified - Maturity: April 19, 2029 - Event: incurrence source text: On April 19, 2024, CNH Industrial N.V. (the “Company” or “CNH”) entered into a multicurrency revolving credit agreement with Citibank Europe Plc, UK Branch as facility agent, and the other lenders named therein (the “Credit Agreement”). The Credit Agreement provides for an unsecured, committed revolving credit facility in an aggregate principal amount equal to €3.25 billion. evidence_url: https://www.sec.gov/Archives/edgar/data/1567094/000162828024016974/0001628280-24-016974-index.htm - Material Agreements CNH Industrial N.V. entered into Multicurrency Revolving Credit Agreement with Citibank Europe Plc, UK Branch (as facility agent) valued at €3.25 billion (effective 2024-04-19). - Action: entry - Agreement: credit facility - Counterparty: Citibank Europe Plc, UK Branch (as facility agent) - Value: €3.25 billion - Effective: 2024-04-19 source text: On April 19, 2024, CNH Industrial N.V. (the “Company” or “CNH”) entered into a multicurrency revolving credit agreement with Citibank Europe Plc, UK Branch as facility agent, and the other lenders named therein (the “Credit Agreement”). The Credit Agreement provides for an unsecured, committed revolving credit facility in an aggregate principal amount equal to €3.25 billion. The Company may elect to increase the total commitments under the Credit Facility by up to an additional €500 million. The proceeds of the loans under the Credit Agreement may be used for general corporate and working capital purposes, including without limitation the refinancing of existing indebtedness of the CNH group. The Credit Facility will mature, and all outstanding loans will become due and payable, on April 19, 2029, or such later date as may be extended pursuant to the two extension options of 1-year each which are available to the Company on the terms set forth in the Credit Agreement. The Credit Agreem evidence_url: https://www.sec.gov/Archives/edgar/data/1567094/000162828024016974/0001628280-24-016974-index.htm - Material Agreements CNH Industrial N.V. terminated Five-Year Multicurrency Revolving Credit Agreement with Citibank Europe PLC, UK Branch (as facility agent) valued at $4 billion (effective 2024-04-19). - Action: termination - Agreement: credit facility - Counterparty: Citibank Europe PLC, UK Branch (as facility agent) - Value: $4 billion - Effective: 2024-04-19 source text: On April 19, 2024, the Company terminated its five-year multicurrency revolving credit agreement, dated March 18, 2021, as amended and restated on December 10, 2021, among CNH Industrial Finance S.p.A., CNH Industrial Finance Europe S.A., and CNH Industrial Finance North America, Inc. as borrowers, the Company as guarantor, certain banks as lenders and Citibank Europe PLC, UK Branch as facility agent (the “Old Credit Agreement”). The Old Credit Agreement established an unsecured, committed revolving credit facility in an aggregate principal amount equal to $4 billion, with two extension options of 1-year each. The Old Credit Agreement was terminated in connection with the entry into the Credit Agreement described in Item 1.01 above. evidence_url: https://www.sec.gov/Archives/edgar/data/1567094/000162828024016974/0001628280-24-016974-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.