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 CNH Industrial (ISIN: XS1114452060) (the 2021 Notes) to tender their 2021 Notes for purchase by the Company for cash up to an aggregate maximum acceptance amount of €300,000,000 in aggregate nominal amount (the Maximum Acceptance Amount) (the Offer).
The Offer was announced on 5 December 2018, and was made on the terms and subject to the offer and distribution restrictions set out in the tender offer memorandum dated 5 December 2018 (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 Offer expired at 5.00 p.m. CET on 12 December 2018.
Results of the Offer
The Company hereby announces that it accepts for purchase valid tenders of 2021 Notes pursuant to the Offer for an aggregate nominal amount of €268,445,000 (the Final Acceptance Amount).
Pricing and Settlement
Pricing for the Offer took place at or around 12 noon (CET) today in the manner described in the Tender Offer Memorandum.
London, 13 December 2018
Please consult the accompanying PDF on the CNH Industrial Newsroom for the full press release.