CNH CAPITAL ANNOUNCES DISASTER RELIEF FOR CUSTOMERS AFFECTED BY HURRICANE KATRINA
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Communications (+1) 847 955-3939
Lake Forest, IL , September 13, 2005 - CNH Capital, the financial services business of agricultural and construction equipment maker CNH Global N.V., today announced a number of actions designed to help its loan, lease and credit card customers affected by Hurricane Katrina. In addition, the company is assisting dealers throughout the region, so they can quickly restore business operations.
"CNH Capital is committed to helping our customers and dealers through this incredibly difficult time," said Mario R. Ferla, President of CNH Capital. "We're focused on providing our customers with immediate solutions that relieve some financial and logistical burdens. Over the long term, we will work individually with customers who have extraordinary needs."
Customers located in the federally declared disaster areas are being notified that CNH Capital is deferring payments, effective immediately. Customers who cannot be contacted by mail are urged to call CNH Capital's credit specialists at 1-800-777-0552 for more specific information about CNH Capital's disaster relief actions.
In addition to the actions being taken by CNH Capital, CNH Global announced that it will donate more than $1 million of Case and New Holland construction equipment to support ongoing relief and restoration efforts related to Hurricane Katrina, including approximately $200,000 of construction equipment from Kobelco, its global alliance partner.
CNH also announced that, in addition to providing equipment, it will match individual employee donations to the American Red Cross Disaster Relief Fund on a dollar-for-dollar basis up to $250,000. CNH and CNH Capital will continue to monitor the recovery progress and develop further actions to allow employee volunteers to assist affected family members and dealers to cope with their rebuilding needs.
About CNH Capital
CNH Capital, the financial services business of CNH Global N.V., provides a comprehensive range of services, including wholesale and retail financing, leasing, insurance, asset management, and revolving lines of credit, for the global marketplace. Building on nearly 50 years' experience in the equipment finance industry, CNH Capital services a portfolio of more than $13 billion, helping customers through various wholly owned subsidiaries and joint ventures throughout North America, Latin America, Europe and Australia.
More information about CNH Capital can be found at www.cnhcapital.com