Marval advises CNH Industrial Capital Argentina in the issuance of notes for USD 28,071,681

Marval - On November 12, 2024, CNH Industrial Capital Argentina SA issued Class 7 notes for a total amount of USD 17,014,797, with a fixed interest rate of 6% and which will mature on November 12, 2026; and Class 8 notes for a total of USD 11,056,884, with a fixed interest rate of 7.5% and which will mature on November 12, 2028. The notes were issued under the CNHI Capital’s Global Notes Program not convertible into shares for up to USD 200,000,000.

The placement of the Notes was carried out by Banco Santander Argentina SA and Banco de Galicia y Buenos Aires SAU, as arrangers and placement agents; and by BNP Paribas (Sucursal Buenos Aires), Banco Comafi SA, Balanz Capital Valores SAU, Banco Mariva SA and Macro Securities SAU as placement agents.

CNHI Capital is a commercial company with a financing purpose within the CNH Industrial Group that offers Argentina SA and Iveco Argentina SA’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 over 40 years of global experience, more than 20 years in Brazil and 10 years in Argentina, and a leader in the financial solutions for the acquisition of Industrial machinery and equipment.

The offer was directed to the local market and the notes were authorized for listing on Bolsas y Mercados Argentinos SA and for negotiation in Mercado Abierto Electronico SA.

Marval O’Farrell Mairal advised CNHI Capital through team led by partners Gabriel Matarasso and Sergio Talamo, together with associates Juan Pablo Lentino and Sebastian Swinnen.

Perez Alati, Grondona, Benites & Arntsen advised the placement agents through a team led by partner Diego Serrano Redonnet and counselor Alejo Muñoz de Toro, together with associates Joaquin Lopez Matheu and Tamara Friedenberger.

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