CNH INDUSTRIAL ANNOUNCES PRICING OF ITS OFFERING OF EURO 750,000,000 GUARANTEED 0.000% NOTES DUE APRIL 2024
London, November 25, 2020
Following the previous announcement by CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) of the launch of a benchmark note issuance denominated in Euro, CNH Industrial N.V. confirms that the offering will be of Euro 750,000,000 in principal amount of 0.000% notes due April 1, 2024 with an issue price of 99.910% of the principal amount.
The closing of the offering is currently expected on December 1, 2020. The notes will be issued by CNH Industrial Finance Europe S.A., a wholly-owned subsidiary of CNH Industrial N.V., under the Euro Medium Term Note Programme guaranteed by CNH Industrial N.V. CNH Industrial Finance Europe S.A. intends to use the net proceeds from the offering for its general corporate purposes including repayment of existing debt.