CNH INDUSTRIAL AND CNH INDUSTRIAL FINANCE EUROPE S.A. ANNOUNCE FINAL RESULTS OF THE CASH TENDER OFFERS
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI ) (CNH Industrial or the Guarantor) together with its subsidiary CNH Industrial Finance Europe S.A., a public limited liability company (société anonyme) incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 24, boulevard Royal, L-2449 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B-155849 (the Company) hereby announces the final results of the Company’s invitation to eligible holders (subject to the offer restrictions referred to below) of the Company’s outstanding €700,000,000 2.875 per cent. Notes due 27 September 2021 guaranteed by the Guarantor (ISIN: XS1114452060), of which €431,555,000 remain outstanding (the 2021 Notes), €500,000,000 1.375 per cent. Notes due 23 May 2022 guaranteed by the Guarantor (ISIN: XS1616917800) (the 2022 Notes) and €500,000,000 2.875 per cent. Notes due 17 May 2023 guaranteed by the Guarantor (ISIN: XS1412424662) (the 2023 Notes and, together with the 2021 Notes and the 2022 Notes, the Existing Notes) to tender their Existing Notes for purchase by the Company for cash (the Offers and each an Offer).
The Offers were announced on November 28, 2019 and were made on the terms and subject to the offer and distribution restrictions set out in the tender offer memorandum dated November 28, 2019 (the Tender Offer Memorandum).
Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
The Offers expired at 5.00 p.m. CET on 5 December 2019.
The Company hereby announces that it accepts for purchase valid tenders of Existing Notes pursuant to the Offers for an aggregate nominal amount of €379,562,000. The final Maximum Acceptance Amount, originally set at €300,000,000, shall be increased to €379,562,000.
Please consult the accompanying PDF on the CNH Industrial Newsroom for the full press release.
London, December 6, 2019
Media RelationsMedia RelationsUnited Kingdommediarelations@cnhind.com0044 207 7660 346
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CNH Industrial reports 2019 Consolidated revenues of $28.1 billion, Net income of $1,454 million and Adjusted net income of $1,178 million (or $0.84 per share). Net debt of Industrial Activities at $854 million