CNH Industrial Capital prices $600 million debt offering
What's the deal? CNH IndustrialDealroom has a profile for this one. Try Dealroom → Capital has priced a $600 million debt offering, the financing arm of the agricultural and construction equipment maker announced.
Eight banks are underwriting the deal. BofA SecuritiesDealroom has a profile for this one. Try Dealroom →, Deutsche Bank Securities, Goldman SachsDealroom has a profile for this one. Try Dealroom →, and Santander US Capital Markets are acting as joint book-running managers and representatives of the underwriters.
Intesa Sanpaolo IMI Securities, Mizuho SecuritiesDealroom has a profile for this one. Try Dealroom → USA, UniCredit Capital Markets, and Wells Fargo SecuritiesDealroom has a profile for this one. Try Dealroom → round out the syndicate as joint book-running managers.
Why now? The offering taps an effective shelf registration filed with the US Securities and Exchange Commission on March 12, 2025.
A shelf registration lets a company raise capital quickly when market conditions are favourable, without filing fresh paperwork each time.
The signal: As one of the largest captive equipment finance organisations in the world, CNH Industrial Capital relies on regular debt issuance to fund the customer loans and leases that underpin its parent's agricultural and construction equipment sales. Drawing global heavyweights like Goldman Sachs, BofA Securities, and Mizuho Securities into the syndicate signals steady institutional appetite for the late-stage financing arm's investment-grade paper.
Read more: financialpost.com
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