CNH Industrial Capital Canada Prices $550 Million Debt Offering
CNH Industrial Capital Canada Ltd., a subsidiary of CNH Industrial (ticker: CNHI), has priced a private debt offering totaling C$550 million. The issuance consists of two tranches of senior unsecured notes, with the first being C$200 million in notes carrying an interest rate of 4.00% and maturing on September 25, 2028. These were priced at 99.935%. The second tranche amounts to C$350 million with a higher coupon rate of 4.40%, though the maturity date for this portion was not specified in the article. The offering is expected to provide CNH Industrial Capital Canada with additional liquidity, potentially supporting its operations and financial flexibility within the agricultural equipment sector. The issuance reflects ongoing capital market activity by subsidiaries of major industrial firms seeking funding at favorable rates amid current economic conditions.
Topics: capital raising corporate finance debt