CNH Industrial N.V. this week said that its wholly owned subsidiary, CNH Capital LLC, plans to offer new notes, subject to market conditions. The notes are to be guaranteed by CNH Capital America and New Holland Credit Co. CNH Capital intends to use the net proceeds for working capital and other general corporate purposes, including the purchase of receivables or other assets.
The net proceeds may also be applied to repay CNH Capital’s indebtedness as it comes due.
