Case New Holland Industrial Inc. manufactures and exports agricultural and construction equipment. Its agricultural equipment includes tractors, combines, hay tools, specialty harvesters, sprayers, planters, and tillage. The company’s construction equipment includes loader backhoes, excavators, skid-steers, forklifts, wheel loaders, dozers, and graders. It offers its products to dealers in the United States and internationally. The company was incorporated in 1999 and is based in Racine, Wisconsin. Case New Holland Industrial Inc. operates as a subsidiary of CNH Industrial N.V.
5729 Washington Avenue
Racine, WI 53406
Founded in 1999
Case New Holland Industrial Inc. Commences Cash Tender Offer of its 7% Guaranteed Senior Notes Due on 2017
Aug 4 16
CNH Industrial N.V. announced that its wholly owned subsidiary Case New Holland Industrial Inc. has commenced a cash tender offer for an aggregate amount of up to $450 million of its $1,500,000,000 7% Guaranteed Senior Notes due 2017 guaranteed by CNH Industrial and certain of CNH Industrial's direct and indirect subsidiaries (together with CNH Industrial, the Guarantors). The terms and conditions of the tender offer are described in an offer to purchase. Concurrently with the commencement of the Tender Offer, CNH Industrial is commencing a registered public offering (the New Notes Offering) of senior unsecured notes (the New Notes). A portion of the proceeds from the New Notes Offering, if consummated, is expected to fund the Tender Offer. Neither this announcement nor the Offer to Purchase constitutes an offer to sell or a solicitation of an offer to buy the New Notes. No assurances can be given that CNH Industrial will in fact complete the New Notes Offering. Consummation of the Tender Offer is contingent upon, among other things, the Company and/or CNH Industrial obtaining financing on satisfactory terms, from the New Notes Offering or otherwise, as determined in the Company's sole discretion. The Tender Offer is being made upon the terms and subject to the general conditions set forth in the Offer to Purchase. The Tender Offer will expire at 11:59 p.m., New York City time, on September 1, 2016, unless extended at the sole discretion of the Company (such date and time, as it may be extended, the Expiration Time). Tenders of Notes may be withdrawn on or prior to 5:00 p.m., New York City time, on August 17, 2016, but may not be withdrawn thereafter (except in certain limited circumstances described in the Offer to Purchase). The consideration paid in the Tender Offer for Notes that are purchased pursuant to the Tender Offer will be determined in the manner described in the Offer to Purchase, by reference to the fixed spread over the yield to maturity of the U.S. Treasury Security specified in the table above (the Total Consideration). Holders of Notes that are validly tendered and not withdrawn on or prior to 5:00 p.m., New York City time, on August 17, 2016 (the Early Tender Time) and accepted for purchase will receive the Total Consideration, which includes an early tender payment of $30 per $1,000 principal amount of the Notes accepted for purchase (the Early Tender Payment). Holders of Notes that are validly tendered and not withdrawn following the Early Tender Time, but on or prior to the Expiration Time, and accepted for purchase will receive the Tender Offer Consideration, which will equal the Total Consideration minus the Early Tender Payment. The Total Consideration will be determined at or around 11:00 a.m., New York City time, on August 18, 2016, unless extended at the sole discretion of the Company.