0001104659-20-076094.txt : 20200623 0001104659-20-076094.hdr.sgml : 20200623 20200623164538 ACCESSION NUMBER: 0001104659-20-076094 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200623 DATE AS OF CHANGE: 20200623 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CNH Industrial Capital America LLC CENTRAL INDEX KEY: 0001540092 IRS NUMBER: 760433811 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-230334-02 FILM NUMBER: 20982682 BUSINESS ADDRESS: STREET 1: 6900 VETERANS BLVD CITY: BURR RIDGE STATE: IL ZIP: 60527 BUSINESS PHONE: 630-887-2022 MAIL ADDRESS: STREET 1: 6900 VETERANS BLVD CITY: BURR RIDGE STATE: IL ZIP: 60527 FORMER COMPANY: FORMER CONFORMED NAME: CNH Capital America LLC DATE OF NAME CHANGE: 20120120 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CNH Industrial Capital America LLC CENTRAL INDEX KEY: 0001540092 IRS NUMBER: 760433811 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 6900 VETERANS BLVD CITY: BURR RIDGE STATE: IL ZIP: 60527 BUSINESS PHONE: 630-887-2022 MAIL ADDRESS: STREET 1: 6900 VETERANS BLVD CITY: BURR RIDGE STATE: IL ZIP: 60527 FORMER COMPANY: FORMER CONFORMED NAME: CNH Capital America LLC DATE OF NAME CHANGE: 20120120 FWP 1 a20-12232_7fwp.htm FWP

 

Filed Pursuant to Rule 433

Dated June 23, 2020

Registration Statement Nos. 333-230334-01, 333-230334-02,

333-230334-03

Relating to

Preliminary Prospectus Supplement dated June 23, 2020 and

Prospectus dated March 15, 2019

 

CNH INDUSTRIAL CAPITAL LLC

 

$600,000,000 1.950% NOTES DUE 2023

 

Issuer:

 

CNH Industrial Capital LLC

Guarantors:

 

CNH Industrial Capital America LLC and New Holland Credit Company, LLC

Expected Ratings (Moody’s / S&P / Fitch)*

 

Baa3 / BBB / BBB-

Form:

 

SEC Registered

Principal Amount:

 

$600,000,000

Trade Date:

 

June 23, 2020

Settlement Date:

 

July 2, 2020 (T+7)

Maturity Date:

 

July 2, 2023

Interest Payment Dates:

 

January 2 and July 2, commencing January 2, 2021

Coupon:

 

1.950% per annum

Price to Public:

 

99.370% of the principal amount, plus accrued interest from July 2, 2020 if settlement occurs after that date

Net Proceeds to Issuer Before Expenses:

 

$594,120,000

Benchmark Treasury:

 

UST 0.250% due June 15, 2023

Spread to Benchmark Treasury:

 

+195 basis points

Benchmark Treasury Price and Yield:

 

100-03; 0.218%

Yield to Maturity:

 

2.168%

Optional Redemption:

 

Make-whole premium based on U.S. Treasury +0.300% (30 basis points)

Change of Control:

 

101%

Denominations:

 

$2,000 x $1,000

CUSIP / ISIN:

 

12592B AK0 / US12592BAK08

Joint Book-Running Managers:

 

J.P. Morgan Securities LLC
NatWest Markets Securities Inc.
Société Générale
Wells Fargo Securities, LLC
Banca IMI S.p.A.
Credit Agricole Securities (USA) Inc.
UniCredit Capital Markets LLC

 

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the preliminary prospectus supplement if you request them by contacting: J.P. Morgan Securities LLC collect at 1-212-834-4533; NatWest Markets Securities Inc. at F&RSTrxDocs@rbos.com; Société Générale at 1-855-881-2108; or Wells Fargo Securities, LLC at 1-800-645-3751 or by email at wfscustomerservice@wellsfargo.com.