CNH INDUSTRIAL TO REDEEM ITS 7⅞% SENIOR NOTES DUE 2017
London, April 27, 2017
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly owned subsidiary, Case New Holland Industrial Inc., is redeeming all of the outstanding $636,061,000 aggregate principal amount of its 7⅞% Senior Notes due 2017 (the “2017 Notes”). The 2017 Notes will be redeemed in full on June 1, 2017 (the “Redemption Date”) at a price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to the Redemption Date, if any, plus the “make-whole” premium to be determined pursuant to the indenture under which the 2017 Notes were issued.
Payment of interest due and payable on the Redemption Date will be made to holders of record on the May 15, 2017 regular Record Date in accordance with the indenture and applicable procedures of The Depository Trust Company. Case New Holland Industrial Inc. intends to use cash on hand to fund the redemption.
Inquiries related to procedures to redeem the 2017 Notes may be directed to Wells Fargo Bank, National Association, as Trustee and Paying Agent, by telephone at 1-800-344-5128 or by fax at 1-612-667-6282.
This press release does not constitute an offer to purchase or sell, or the solicitation of an offer to purchase or sell, with respect to the 2017 Notes or any other securities in any jurisdiction in which such offer or solicitation would be unlawful under the securities laws of any such jurisdiction.