CNH Industrial N.V. extended the maturity of its €3.25 billion revolving credit facility to April 18, 2031, providing continued financial flexibility.
Key takeaways
CNH Industrial N.V. and Citibank Europe Plc, UK Branch agreed to extend the maturity date of the company's €3.25 billion credit facility to April 18, 2031.
The credit facility is a revolving credit facility with total commitments of €3.25 billion.
As of the date of the credit agreement, there were no borrowings outstanding under the facility.
CNH may borrow and repay under the credit agreement from time to time.
The extension represents a 12-month extension of the First Extended Termination Date from the original agreement dated April 19, 2024.