CNH Industrial intends to proceed with the issue of a new bond, which will be offered by CNH Industrial NV, controlled by the parent company. This was announced in a press release from the company, which specified that the transaction will take place as always "subject to market conditions" and that the proceeds will be used for needs related to working capital and for general corporate needs including, among other, the purchase of credits or other assets.
The proceeds may be used to repay other CNH Industrial Capital debt upon maturity.
“The securities will be guaranteed by CNH Industrial Capital America Llc and by New Holland Credit Company, Llc, both wholly owned subsidiaries of CNH Industrial Capital Llc. Cnh Industrial Capital Llc, the financial services company of Cnh Industrial, operating on the North American market” reads the note.
