This is a routine debt refinancing/funding operation by a captive finance subsidiary. No equity impact. Monitor CNH Industrial's next 10-Q for any material change in consolidated leverage or interest coverage ratios.
Price Chart
Executive Summary
CNH Industrial's Canadian finance subsidiary priced C$550 million in senior unsecured notes across two tranches (C$200M at 4.00% due 2028, C$350M at 4.40% due 2030) in a private placement to accredited investors in Canada. Proceeds will support working capital, receivables purchases, and debt repayment. The offering is routine debt financing for a captive finance company and carries no material directional signal for CNH Industrial's equity.
Key Financial Metrics
Key Facts
- C$200M of 4.00% notes due September 25, 2028, priced at 99.935%
- C$350M of 4.40% notes due September 25, 2030, priced at 99.989%
- Total aggregate principal amount: C$550 million
- Private placement to accredited investors in Canada, exempt from prospectus requirements
- Expected closing: September 25, 2026
- Notes are senior unsecured obligations of CNH Industrial Capital Canada Ltd.
- Guaranteed by CNH Industrial Capital LLC, CNH Industrial Capital America LLC, and New Holland Credit Company, LLC
- Proceeds for general corporate purposes, working capital, receivables purchases, and debt repayment
- Interest paid semi-annually beginning March 25, 2027
Financial Impact
C$550 million in new debt issuance; no equity dilution or material change to CNH Industrial's consolidated capital structure
Risk Factors
- Interest rate risk: fixed-rate notes may become relatively expensive if Canadian rates decline
- Refinancing risk: notes mature in 2028 and 2030, requiring repayment or refinancing at then-prevailing rates
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3365909 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | Press Release | $11.54 | awaiting T+60 | — | $11.25 (−2.51%) |
Sep 21, 2026 5w ago | Press Release | $13.67 | awaiting T+60 | — | $11.25 (−17.70%) |
Sep 16, 2026 5w ago | Press Release | $13.52 | awaiting T+60 | — | $11.25 (−16.79%) |
Aug 3, 2026 12w ago | 8-K | $10.80 | awaiting T+60 | — | $11.25 (+4.17%) |
May 18, 2026 23w ago | 3 | $10.40 $10.73 | ▲ +3.18% | ▼ −1.67% | $11.25 (+8.18%) |
Apr 30, 2026 25w ago | 8-K | $10.61 $11.08 | ▼ −4.45% | ▼ −1.35% | $11.25 (−6.06%) |
Mar 25, 2026 30w ago | DEFA14A | $10.96 $10.04 | ▼ −8.44% | ▼ −22.39% | $11.25 (+2.65%) |
US Market Status
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