CNH Industrial lines up €1.75 billion five-year committed revolver

By Susanna Moon

Chicago, Nov. 21 – CNH Industrial NV said it signed a €1.75 billion five-year committed revolving credit facility.

Proceeds will be used for general corporate purposes.

The facility will replace the company’s €2 billion three-year facility set to mature in February 2016.

“Favorable market conditions and strong support by key relationship banks allowed CNH Industrial to improve the existing terms and extend the maturity of the facility,” according to a company press release.

CNH is a Basildon, England, manufacturer of machinery and vehicles.

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