CNH Industrial Capital Canada plans offering of notes

By Wendy Van Sickle

Columbus, Ohio, Aug. 9 – CNH Industrial Capital Canada Ltd. is planning a senior notes offering in Canada, according to a press release from CNH Industrial NV.

The notes will be guaranteed by CNH Industrial Capital LLC, CNH Industrial Capital America LLC and New Holland Credit Co., LLC.

Proceeds will be added to general funds and will be used for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business. Proceeds may also be applied to repay CNH Industrial Capital’s debt as it becomes due.

Racine, Wis.-based CNH Industrial Capital is the North American arm of CNH Industrial NV’s global financial services business. CNH Industrial is an agricultural machinery manufacturer with headquarters in London.

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