Mechanization and Technology

CNH Announces Signing of a €3.25 Billion Committed Revolving Credit Facility

Quick Share

25 April 2024, Basildon: On April 19, 2024, CNH (NYSE: CNHI) signed a €3.25 billion committed revolving credit facility, intended for general corporate purposes of the Company.

The facility, entered into with a group of 18 banks providing aggregate commitments in excess of €3.5 billion, has a 5-year tenor with two extension options of one year each, exercisable on the first and second anniversary of the signing date. It replaces an existing 5-year €4 billion facility due to mature in March 2026.

The final size of the facility, set at €3.25 billion, aligns with reduced funding needs following the demerger of Iveco Group. The transaction confirms the strong support of a large panel of international key relationship banks for the Company.

Also Read: TERI and Chambal Fertilisers Introduce ‘Uttam Pranaam’: A revolutionary step towards Sustainable Farming

(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)

Quick Share