CNH Industrial gets €4 billion five-year revolving credit facility

By Sarah Lizee

Olympia, Wash., March 18 – CNH Industrial NV signed a €4 billion committed five-year revolving credit facility, according to a press release.

The facility, which was entered into with a group of 32 banks, is intended for general corporate purposes and working capital needs of the group.

The revolver has two extension options of one-year each, exercisable on the first and second anniversary of the signing date.

It will replace an existing €1.75 billion facility due to mature in June 2021.

CNH Industrial said it received commitments in excess of €6 billion, “confirming the firm support of a large panel of international key relationship banks.”

CNH is a capital goods company registered in the Netherlands with corporate offices in London.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.