CNH Industrial Capital prices $500 million notes due 2030

BASILDON - CNH Industrial Capital LLC, a wholly owned subsidiary of CNH Industrial N.V. (NYSE:CNH), has priced $500 million in aggregate principal amount of 4.500% notes due 2030, the company announced Thursday. The parent company, with a market capitalization of $13.5 billion, is a prominent player in the machinery industry, according to InvestingPro data.

The notes were priced at 99.765% and are expected to close on September 29, 2025, subject to customary closing conditions. The senior unsecured obligations will pay interest semi-annually on April 16 and October 16, beginning April 16, 2026, and will mature on October 16, 2030.

CNH Industrial Capital LLC plans to use the net proceeds for working capital and general corporate purposes, including the purchase of receivables or other assets in the ordinary course of business. The funds may also be applied to repay the company’s indebtedness as it becomes due. InvestingPro data shows the company maintains strong liquidity with a current ratio of 5.11, indicating its liquid assets well exceed short-term obligations. The company’s total debt stands at $27.8 billion, while generating annual revenue of $18.07 billion.

The notes will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, both wholly owned subsidiaries of CNH Industrial Capital LLC.

Citigroup Global Markets Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC are serving as joint book-running managers and representatives of the underwriters. BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., Santander US Capital Markets LLC and SMBC Nikko Securities America, Inc. are acting as additional joint book-running managers.

The offering is being made pursuant to a shelf registration statement filed with the U.S. Securities and Exchange Commission on March 12, 2025.

CNH Industrial Capital LLC, headquartered in Waterford, Wisconsin, primarily underwrites and manages financing products for end-use customers and dealers of CNH Industrial North America, according to the press release statement. For a comprehensive analysis of CNH Industrial’s financial health and future prospects, including 10+ additional ProTips and detailed valuation metrics, visit InvestingPro.

In other recent news, CNH Industrial NV reported its second-quarter earnings for 2025, surpassing expectations with an earnings per share (EPS) of $0.17, which is 20.06% higher than the forecasted $0.1416. The company’s revenue also exceeded projections, reaching $4.71 billion compared to the anticipated $4.49 billion. Despite these positive financial results, CNH Industrial faced a 14% decline in consolidated revenues and encountered significant challenges in its agriculture segment. These developments have been closely monitored by investors and analysts alike. While the earnings beat is notable, analysts from various firms are likely to assess the impact of the struggles in the agriculture sector on the company’s future performance. The recent financial results and sector-specific challenges will be key areas of focus for stakeholders moving forward.

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