Latham & Watkins Advises on CNH Industrial Capital’s US$500 Million Offering

CNH Industrial N.V. (NYSE:CNH) has announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced US$500 million in aggregate principal amount of 4.500% notes due 2027, with an issue price of 99.809%. The offering is expected to close on October 9, 2024, subject to the satisfaction of customary closing conditions. CNH Industrial Capital LLC is an indirect wholly owned subsidiary of CNH Industrial N.V. and is headquartered in Racine, Wisconsin. As a captive finance company, the primary business of CNH Industrial Capital LLC and its subsidiaries is to underwrite and manage financing products for end-use customers and dealers of CNH Industrial America LLC and CNH Industrial Canada Ltd. and provide other related financial products and services to support the sale of agricultural and construction equipment sold by CNH Industrial North America.

Latham & Watkins LLP is advising the underwriters in the offering, with a capital markets team led by Chicago partners Chris Lueking and Jonathan Sarna, with associates Ben Winnett and Teddy Finneran. Advice was also provided on tax matters by Chicago partner Rene De Vera, with associate Valerie Silva.