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Stock impact report

CNH announces signing of a €3.25 billion committed revolving credit facility [Financial Post (Toronto, Ontario, Canada)]

CNH Industrial N.V. Common Shares (CNHI) 
Last cnh industrial n.v. common shares earnings: 2/7 08:00 am Check Earnings Report
Company Research Source: Financial Post
CNH announces signing of a €3.25 billion committed revolving credit facility Basildon, April 23, 2024 Article content On April 19, 2024, CNH (NYSE: CNHI) signed a €3.25 billion committed revolving credit facility, intended for general corporate purposes of the Company. The facility, entered into with a group of 18 banks providing aggregate commitments in excess of €3.5 billion, has a 5-year tenor with two extension options of one year each, exercisable on the first and second anniversary of the signing date. It replaces an existing 5-year €4 billion facility due to mature in March 2026. Article content The final size of the facility, set at €3.25 billion, aligns with reduced funding needs following the demerger of Iveco Group. The transaction confirms the strong support of a large panel of international key relationship banks for the Company. CNH Industrial (NYSE: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which Show less Read more
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