CNH announces signing of a €3.25 billion committed revolving credit facility
April 23 2024 - 4:30PM
CNH announces signing of a €3.25 billion committed revolving credit
facility
CNH announces signing of a €3.25 billion
committed revolving credit facility
Basildon, April 23, 2024
On April 19, 2024, CNH (NYSE: CNHI) signed a
€3.25 billion committed revolving credit facility, intended for
general corporate purposes of the Company.
The facility, entered into with a group of 18
banks providing aggregate commitments in excess of €3.5 billion,
has a 5-year tenor with two extension options of one year each,
exercisable on the first and second anniversary of the signing
date. It replaces an existing 5-year €4 billion facility due to
mature in March 2026.
The final size of the facility, set at €3.25
billion, aligns with reduced funding needs following the demerger
of Iveco Group. The transaction confirms the strong support of a
large panel of international key relationship banks for the
Company.
CNH Industrial (NYSE: CNHI) is
a world-class equipment 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° 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’s 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; Kongskilde, providing
tillage, seeding and hay & forage implements; 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’s 40,000+ 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: cnh.com
For news from CNH and its Brands visit:
media.cnh.com
Contacts:
Media RelationsEmail:
mediarelations@cnh.comInvestor RelationsEmail:
investor.relations@cnh.com
- 20240423_PR_CNH_Revolving_Credit_Facility
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