On October 27, 2022, CNH Industrial Capital Argentina S.A. (“CNHI Capital”) issued its 0.000% dollar-linked notes due in October 2025, settled in kind by the exchange of its Class 1 Notes, for an aggregate amount of US$ 22,246,189 (the “Class 3 Notes”).
More than 70% of the Class 1 Notes were exchanged.
The Class 3 Notes are authorized to be traded in Bolsas y Mercados Argentinos S.A. and the Mercado Abierto Electrónico S.A.
Banco Santander Argentina S.A. and Banco Galicia y Buenos Aires S.A.U. acted as exchange agents and arrangers, and Puente Hnos. S.A., Balanz Capital Valores S.A.U., and Industrial and Commercial Bank of China (Argentina) S.A.U. acted as exchange agents in the Class 1 Notes exchange and the issuance of the Class 3 Notes (the “Exchange Agents”).
On the other hand, the issuance of the Class 4 Notes has been declared void.
Marval O’Farrell Mairal as counsel to CNHI Capital. In turn, Pérez Alati, Grondona, Benites & Arntsen acted as counsel for the Exchange Agents.
CNHI Capital is a commercial company with a financing purpose within the CNH Industrial Group that offers CNH Industrial's customers and dealers financing for the acquisition of new and used vehicles, and financing to the dealer network on its stock of units. Currently, it is a private company with more than 40 years of global experience, more than 20 years in Brazil and 5 years in Argentina, leader in the financial solutions for the acquisition of CNH Industrial machinery and equipment.
Marval O’Farrell Mairal acted as counsel to CNHI Capital, with a team formed by partners Gabriel Matarasso and Sergio Talamo and associates Juan Pablo Lentino and Federico Pitarch.
Pérez Alati, Grondona, Benites & Arntsen acted as counsel to the Exchange Agents, with a team formed by partner Diego Serrano Redonnet and associates Nicolás Aberastury, Adriana Tucci and Joaquín López Matheu.
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