On November 12, 2024, CNH Industrial Capital Argentina S.A. (“CNHI Capital”) issued the class 7 notes, for a total amount of USD 17,014,797, which will bear a fixed interest rate of 6% and will mature on November 12, 2026; and the class 8 notes, for a total amount of USD 11,056,884, which will bear a fixed interest rate of 7.5% and will mature on November 12, 2028 (the “Notes”). The Notes were issued under the CNHI Capital’s Global Notes Program not convertible into shares for up to USD 200.000.000 (US Dollars two hundred million) (or its equivalent in other currencies or units of value).
The placement of the Notes was carried out by Banco Santander Argentina S.A. and Banco de Galicia y Buenos Aires S.A.U. as arrangers and placement agents, and by BNP Paribas (Sucursal Buenos Aires), Banco Comafi S.A., Balanz Capital Valores S.A.U., Banco Mariva S.A. and Macro Securities S.A.U. as placement agents (all of them jointly, the "Placement Agents").
Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) acted as counsel for the Placement Agents.
CNHI Capital is a commercial company with a financing purpose within the CNH Industrial Group that offers Argentina S.A. and Iveco Argentina S.A.'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 10 years in Argentina, leader in the financial solutions for the acquisition of Industrial machinery and equipment.
The offer was directed to the local market and the Notes have been authorized for listing on Bolsas y Mercados Argentinos S.A. and for negotiation in the Mercado Abierto Electrónico S.A.
Counsel to Placement Agents
Pérez Alati, Grondona, Benites & Arntsen through team composed by partner Diego Serrano Redonnet, counselor Alejo Muñoz de Toro and associates Joaquín López Matheu and Tamara Friedenberger.
