By Devika Patel
Knoxville, Tenn., Sept. 28 – CNH Industrial Capital Canada Ltd. settled a C$300 million private placement of 1.5% senior notes due Oct. 1, 2024 at 99.936, according to a press release from parent CNH Industrial NV.
The notes will be guaranteed by CNH Industrial NV subsidiaries CNH Industrial Capital LLC, CNH Industrial Capital America LLC and New Holland Credit Co., LLC.
Proceeds will be used for working capital and other general corporate purposes and will be applied to debt as it comes due.
CNH is a Basildon, U.K., manufacturer of machinery and vehicles.
| Issuer: | CNH Industrial Capital Canada Ltd.
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| Guarantors: | CNH Industrial Capital LLC, CNH Industrial Capital America LLC and New Holland Credit Co., LLC
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| Issue: | Senior notes
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| Amount: | C$300 million
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| Maturity: | Oct. 1, 2024
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| Coupon: | 1.5%
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| Price: | 99.936
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
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| Distribution: | Private placement
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