CNH announces pricing of its offering of 鈧�500,000,000 3.875% notes due September 2035
CNH Industrial (NYSE: CNHI) has successfully priced its offering of 鈧�500,000,000 3.875% notes due September 3, 2035. The notes will be issued with an issue price of 98.906% of the principal amount under CNH's Euro Medium Term Note Programme, with closing expected on September 3, 2025.
The notes will be offered and sold exclusively outside the United States to non-U.S. institutional investors. The company plans to use the net proceeds for general corporate purposes, including existing debt repayment. The notes will be listed on the Global Exchange Market of Euronext Dublin.
CNH Industrial (NYSE: CNHI) ha collocato con successo un'emissione di 鈧�500.000.000 di obbligazioni al 3,875% con scadenza il 3 settembre 2035. Le obbligazioni saranno emesse a un prezzo di emissione pari al 98,906% del valore nominale nell'ambito del programma Euro Medium Term Note di CNH, con regolamento previsto il 3 settembre 2025.
Le obbligazioni saranno offerte e vendute esclusivamente al di fuori degli Stati Uniti a investitori istituzionali non statunitensi. La societ脿 intende utilizzare il ricavato netto per scopi societari generali, inclusa la ristrutturazione/estinzione di debiti esistenti. Le obbligazioni saranno quotate sul Global Exchange Market di Euronext Dublin.
CNH Industrial (NYSE: CNHI) ha colocado con 茅xito una emisi贸n de 鈧�500.000.000 en bonos al 3,875% con vencimiento el 3 de septiembre de 2035. Los bonos se emitir谩n a un precio de emisi贸n del 98,906% del principal en el marco del programa Euro Medium Term Note de CNH, con cierre previsto para el 3 de septiembre de 2025.
Los bonos se ofrecer谩n y vender谩n exclusivamente fuera de los Estados Unidos a inversores institucionales no estadounidenses. La compa帽铆a tiene previsto destinar los ingresos netos a fines corporativos generales, incluida la cancelaci贸n de deuda existente. Los bonos se cotizar谩n en el Global Exchange Market de Euronext Dublin.
CNH Industrial (NYSE: CNHI)臧赌 毵岅赴 2035雲� 9鞗� 3鞚�, 鞐� 3.875%鞚� 鈧�500,000,000 毂勱秾鞚� 靹标车鞝侅溂搿� 氚滍枆頄堨姷雼堧嫟. 頃措嫻 毂勱秾鞚� CNH鞚� 鞙犽 欷戧赴毂勱秾(Euro Medium Term Note) 頂勲攴鸽灗鞐� 霐半澕 鞗愱笀鞚� 98.906%鞚� 氚滍枆臧赌搿� 氚滍枆霅橂┌, 瓯半灅膦呹舶鞚� 2025雲� 9鞗� 3鞚茧 鞓堨爼霅橃柎 鞛堨姷雼堧嫟.
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CNH Industrial (NYSE: CNHI) a r茅ussi le placement de 鈧�500 000 000 d'obligations 脿 3,875% arrivant 脿 茅ch茅ance le 3 septembre 2035. Les obligations seront 茅mises 脿 un prix d'茅mission de 98,906% du montant principal dans le cadre du programme Euro Medium Term Note de CNH, avec une cl么ture pr茅vue le 3 septembre 2025.
Les obligations seront offertes et vendues exclusivement hors des 脡tats-Unis 脿 des investisseurs institutionnels non am茅ricains. La soci茅t茅 pr茅voit d'utiliser le produit net 脿 des fins g茅n茅rales d'entreprise, y compris le remboursement de dettes existantes. Les obligations seront cot茅es sur le Global Exchange Market d'Euronext Dublin.
CNH Industrial (NYSE: CNHI) hat erfolgreich eine Platzierung von 鈧�500.000.000 3,875% Schuldverschreibungen mit F盲lligkeit am 3. September 2035 durchgef眉hrt. Die Schuldverschreibungen werden zu einem Ausgabepreis von 98,906% des Nennbetrags im Rahmen des Euro Medium Term Note-Programms von CNH begeben, der Abschluss wird voraussichtlich am 3. September 2025 erfolgen.
Die Schuldverschreibungen werden ausschlie脽lich au脽erhalb der Vereinigten Staaten an nicht鈥慤S鈥慽nstitutionelle Investoren angeboten und verkauft. Das Unternehmen beabsichtigt, den Nettoerl枚s f眉r allgemeine Unternehmenszwecke, einschlie脽lich der R眉ckzahlung bestehender Verbindlichkeiten, zu verwenden. Die Schuldverschreibungen werden am Global Exchange Market der Euronext Dublin notiert.
- Successful pricing of 鈧�500 million notes demonstrates strong market access
- Long-term debt maturity (2035) helps optimize debt structure
- Proceeds will strengthen balance sheet through debt refinancing
- Additional debt burden with 3.875% interest rate
- Issue price below par at 98.906% indicates slight discount to attract investors
Insights
CNH's 鈧�500M bond issuance strengthens liquidity while managing debt at a reasonable 3.875% rate despite challenging interest environment.
CNH Industrial has successfully priced a
The pricing of these notes at
This transaction demonstrates CNH's proactive approach to liability management. By potentially refinancing existing obligations, the company is likely working to smooth out future maturity walls and potentially lock in rates before any unfavorable market movements. The Euro-denominated issuance also aligns with CNH's significant European operations, providing a natural currency hedge for its Euro-based revenues and expenses.
The exclusion of U.S. investors (non-U.S. persons only) and retail investors in the EEA and UK reflects a targeted institutional financing approach that likely streamlined the issuance process while maintaining compliance with various international securities regulations. This strategic financing move strengthens CNH's liquidity position while carefully managing its long-term debt obligations.
CNH announces pricing of its offering of
Basildon, August 27, 2025
CNH Industrial N.V. (NYSE: CNH) (鈥淐NH鈥�) today announces the successful pricing of its offering of
The closing of the offering is currently expected on September 3, 2025. The notes will be issued by CNH under its Euro Medium Term Note Programme. CNH intends to use the net proceeds from the offering for its general corporate purposes including repayment of existing debt. Application will be made for the Notes to be admitted to trading on the Global Exchange Market of Euronext Dublin.
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
MiFID II and UK MiFIR professionals/ECPs-only / No PRIIPs KID 鈥� Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.
The notes will be offered and sold only outside the United States to institutional investors that are not 鈥淯.S. persons鈥� (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) and have not been and will not be registered under the Securities Act or any other securities laws. The notes may not be offered or sold in the United States or to or for the account or benefit of 鈥淯.S. persons鈥� absent registration under the Securities Act or an applicable exemption from the registration requirements thereof.
This press release shall not constitute an offer to sell or an offer of financial products or securities, nor shall there be any sale of these notes, in the United States or any state or jurisdiction in which such an offer or sale would be unlawful. No action has been or will be taken to permit a public offering of the notes in any jurisdiction.
The offering of the Notes has not been registered with the Commissione Nazionale per le Societ谩 e la Borsa (CONSOB), pursuant to Italian securities legislation and, accordingly, no Notes may be offered, sold or delivered, nor may copies of the Base Listing Particulars or of any other document relating to the Notes be distributed in the Republic of Italy, except: (i) to qualified investors (investitori qualificati), as defined pursuant to Article 2 of Regulation (EU) 2017/1129 (as amended, the 鈥淧rospectus Regulation鈥�) and any applicable provision of Italian laws and regulations; or (ii) in any other circumstances which are exempted from the rules on public offerings pursuant to Article 1 of the Prospectus Regulation, Article 34-ter of Regulation No. 11971 of 14 May 1999, as amended from time to time, and the applicable Italian laws.
This press release is directed only (i) to persons who are outside the United Kingdom, (ii) to persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 鈥淔inancial Promotion Order鈥�) or (iii) to high net worth entities falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Financial Promotion Order (all such persons together being referred to as "Relevant Persons"). This press release must not be acted on or relied on by persons who are not Relevant Persons. Any investment activity to which this press release relates is reserved for Relevant Persons only and may only be engaged in by Relevant Persons.
In the Netherlands, this press release is directed only to qualified investors within the meaning of the Dutch Financial Supervision Act (Wet op het financieel toezicht).
This press release is an advertisement and is not a prospectus. The base listing particulars dated 12 May 2025 as supplemented on 5 August 2025 (together, the 鈥淏ase Listing Particulars鈥�) are, and the final Pricing Supplement, when published, will be, available for viewing at . Potential investors must note that the Base Listing Particulars, as supplemented by the Pricing Supplement, does not constitute a prospectus for the purposes of the Prospectus Regulation or for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law in the UK by virtue of the European Union (Withdrawal) Act 2018 (as amended, the 鈥淯K Prospectus Regulation鈥�). The Base Listing Particulars, as supplemented by the Pricing Supplement, has been prepared on the basis that the offer of Notes in any member state of the EEA will be made pursuant to an exemption under the Prospectus Regulation and, in the case of the UK, pursuant to an exemption under the UK Prospectus Regulation.
CNH Industrial (NYSE: CNH) is a world-class equipment, technology and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland supply 360掳 agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company鈥檚 regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Hemisphere, a leading designer and manufacturer of high-precision satellite-based positioning, and heading technologies; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.
Across a history spanning over two centuries, CNH has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH鈥檚 35,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.
For more information and the latest financial and sustainability reports visit:
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