CNH INDUSTRIAL N.V. ANNOUNCES SIGNING OF A EURO 4 BILLION COMMITTED REVOLVING CREDIT FACILITY
London, March 18, 2019
Today, CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) signed a euro 4 billion committed revolving credit facility, intended for general corporate purposes and working capital needs of the Group.
The facility, entered into with a group of 32 banks, has a 5-year tenor with two extension options of 1-year each, exercisable on the first and second anniversary of the signing date. It will replace an existing 5-year euro 1.75 billion facility due to mature in June 2021.
The Group received commitments in excess of euro 6 billion, confirming the firm support of a large panel of international key relationship banks.