CNH Industrial N.V.: Closing of $600 million notes of CNH Industrial Capital LLC
London, May 24, 2021
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has completed its previously announced offering of $600 million in aggregate principal amount of 1.450% notes due 2026, with an issue price of 99.208%.
The net proceeds of this offering were approximately $592 million after payment of offering and other related expenses. CNH Industrial Capital LLC intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business. The net proceeds may also be applied to repay CNH Industrial Capital LLC s indebtedness as it becomes due.
iStock: portishead1 On Monday, the CME Group’s farm markets react negatively to the wet forecast for Brazil and U.S. crops. At the close, the July corn futures settled 2¼¢ lower at $6.57½. New-crop September futures ended 4¾¢ lower at $5.68. December corn futures closed 6¼¢ lower at $5.40¼. July soybean futures closed 3½¢ lower at $15.22¼. August soybean futures closed 1¼¢ lower at $14.71. New-crop November soybean futures settled 1¾¢ higher at $13.62½. July wheat futures closed 12¢ lower at $6.62¼. July soymeal futures closed $1.30 per short ton higher at $400.20. July soy oil futures are 0.36¢ lower at 65.13¢ per pound. In the outside markets, the NYMEX crude oil market is +2.42 higher (+3.81%) at $66.00. The U.S. dollar is lower, and the Dow Jones Industrials are 245 points higher (+0.72%) at 34,452 points.
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