CNH Industrial N.V. announces signing of a euro 4 billion committed revolving credit facility
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.
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CNH Industrial reports 2020 first quarter Consolidated revenues of $5.5 billion, Net loss of $54 million and Net debt of Industrial Activities at $2.3 billion. Available liquidity at $9.9 billion as of March 31, 2020