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CNH Industrial Signs Euro 4 billion Committed Revolving Credit Facility

KJ Staff
KJ Staff

CNH Industrial N.V. on 18th March 2019 has signed a euro 4 billion committed revolving credit facility, planned for general corporate purposes and working capital requirements of the Group.

The facility, entered into with a group of 32 banks, has a five-year tenor with 2 extension options of one-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 which is due to mature in June 2021.

The Group has received commitments in excess of euro 6 billion, confirming the firm support of a large panel of international key relationship banks.

CNH Industrial N.V is a global leader in the capital goods sector with an established industrial experience, a broad range of products and a worldwide presence. Each of the individual brands belonging to the CNH is a major international force in its specific industrial sector.

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