Cnh Industrial intends to "proceed with abond issue by the wholly owned subsidiary Cnh Capital, subject to market conditions". The company makes it known in a note, without specifying the amount of the bond.
The notes will be guaranteed by Cnh Capital America Llc and New Holland Credit Company Llc, both wholly owned subsidiaries of Cnh Capital Llc.
Cnh Capital is the financial services company of the Cnh Industrial Group operating on the North American market. The final terms of the issue will be determined at the time of pricing based on market conditions.
Cnh Capital - continues the note - intends to use the net proceeds of the bond issue "for needs related to working capital and for general corporate needs including, among other things, the purchase of loans or other assets. The net proceeds could also be used to repay, upon maturity, other debt of Cnh Capital Llc”.
