CNH Industrial launches a $500 million bond. The bond will have a coupon of 3,375%, maturity in 2019 and issue price equal to 99,426% of the nominal value and its settlement is expected on 30 June 2014. The company intends to use the net proceeds of the issue for related to working capital and for general business needs.
The senior unsecured notes of CNH Industrial Capital LLC will pay interest semi-annually on January 15 and July 15 of each year commencing January 15, 2015 and will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, both wholly owned subsidiaries of CNH Industrial Capital LLC. Titles will expire on July 15, 2019.
