CNH INDUSTRIAL N.V. - CNHI STOCK NEWS

CNH Industrial N.V. (NYSE: CNH) announced that its subsidiary, CNH Industrial Capital , has priced $500 million in 4.500% notes due 2027, with an issue price of 99.809%. The offering is expected to close on October 9, 2024. The notes will pay interest semi-annually and mature on October 8, 2027. They are guaranteed by CNH Industrial Capital America and New Holland Credit Company,

The net proceeds will be used for working capital, general corporate purposes, and potentially repaying indebtedness. Several financial institutions are acting as joint book-running managers for the offering. The offering is made pursuant to an effective shelf registration statement filed with the SEC on March 14, 2022.

CNH Industrial Capital , headquartered in Racine, Wisconsin, is a captive finance company primarily supporting CNH Industrial North America's agricultural and construction equipment sales through various financing products and services.

CNH brands Case IH and New Holland have been honored with 2024 EIMA International Technical Innovation Awards. The awards ceremony was held on October 3 in Bologna, Italy, with the 2024 EIMA Exhibition scheduled for November 6-10.

Key innovations recognized include:

• Case IH Quadtrac's heavy-duty suspension for enhanced comfort and reduced soil compaction
• New Holland T4 FNV specialty tractor's advanced guidance system using LIDAR technology
• New Holland FR Forage Cruiser CropSpeed system for reducing blockages
• New Holland CR Twin Rotor combine Seed Terminator system for weed reduction

These advancements aim to increase efficiency, productivity, and profitability for farmers while addressing challenges such as operator shortages and environmental concerns.

Case IH, a brand of CNH, participated in the 119th Expo Rural Prado in Montevideo, Uruguay. This international livestock and agro-industrial exhibition, organized by the Rural Association of Uruguay (ARU), provided a platform for Case IH to showcase its products to key players in the agro-industrial and livestock sectors. The event focused on technological advancements and sustainability efforts in farming.

Case IH highlighted its Farmall tractor line at the expo. Fermín Lafitte, director of Pertilco S.A., emphasized the importance of the event for interacting with customers, while Rodrigo Lanciotti, Marketing Manager, stressed the value of understanding customer needs and exhibiting Case IH's premium products.

The expo featured conferences, technical talks, training sessions, and livestock activities, showcasing the latest developments in technology, machinery, agro-inputs, and services.

CNH, a leader in agricultural machinery with over 180 years of experience, is driving innovation and growth in Argentinian agriculture. The company's plant in Ferreyra, Córdoba, opened in 2013, produces world-class machinery with an annual capacity of 2,000 combines, 800 headers, and 4,000 tractors. CNH focuses on continuous education and training, with its Training and Innovation Center having trained over 11,000 technicians since 2019.

The company has established academic collaborations with several universities in Argentina to connect the agricultural machinery industry with students. CNH is also investing in Industry 4.0 technologies at its Cordoba plant, implementing autonomous robots and 3D printing to enhance production efficiency, safety, and sustainability. These innovations have resulted in faster production times, cost reduction, and improved quality control.

CNH, a global equipment and technology company, announced several initiatives at its first Thai Media Day to enhance agriculture productivity and sustainability in Thailand. The company is partnering with Nakhon Sawan College of Agriculture and Technology (NSCAT) to transform 45 hectares into a model farm for hands-on training and research. CNH is also supporting curriculum development focused on modern agriculture machines and precision farming technologies.

Additionally, CNH is strengthening its collaboration with KMITL for curriculum design, practical training, and internship programs, extending to agriculture R&D. The company supports education initiatives, including a scholarship program with Pakdee College. CNH employs about 200 people in Thailand, which serves as its Asia-Pacific regional headquarters, supporting farmers and builders with its global brands Case IH, New Holland, CASE, and New Holland Construction Equipment.

CNH, a global equipment and technology company, is collaborating with Oxfam on two social projects in Africa aligned with UN Sustainable Development Goals. The Sumud Project in Tunisia aims to promote sustainable economic growth for micro, small, and medium enterprises in agriculture, tourism, and artisanal sectors. It will support about 1,000 people in vulnerable communities, focusing on businesses led by youth, women, and people with disabilities.

CNH will provide financial, technical, and training support, participating in the selection of agricultural enterprises and offering expertise, technology, and coaching programs. The project, co-financed by the Italian Agency for Development Cooperation, involves various Italian and Tunisian organizations. In South Africa, CNH is supporting the Social Factory Initiative for plastic recycling and social inclusion.

In Freire, Chile, Julián Seco López has chosen New Holland tractors for his family's European hazelnut production project. The project, which produces over 300,000 tons seasonally and exceeds 2,000 kg per hectare, focuses on efficiency through mechanization. New Holland's T4 tractors offer versatility for various tasks, including planting, transport, and pruning waste management. This mechanization, coupled with modern technologies and a complete process line, has significantly improved business profitability.

Juliano Mendonca, New Holland's marketing manager, emphasizes the importance of building strong relationships with customers. The success of López's project is attributed to the combination of specialized tractors and quality after-sales service provided by SKC, New Holland's official distributor, contributing to both operational efficiency and sustainability.

New Holland, a brand of CNH, has achieved a significant milestone at its Basildon plant in England, producing its two millionth tractor in the same year the facility celebrates its 60th anniversary. The landmark tractor is a 225hp T7.225 model, featuring a special celebration livery. This achievement underscores the plant's longevity and the brand's commitment to innovation in agricultural technology.

The Basildon plant has a rich history, having produced its 500,000th tractor in 1984 and its one millionth in 1989. Today, it continues to export globally and has expanded to include an Alternative Fuels Centre of Excellence, focusing on developing tractors powered by alternative fuels such as methane and compressed natural gas. This milestone reflects New Holland's dedication to sustainable farming solutions and its ongoing evolution in tractor manufacturing.

CNH has inaugurated a production line for its new electric compact wheel loader at its plant in Lecce, Italy. The model, designed in the plant's R&D centre, will be produced as CASE 12EV and New Holland W40X, targeting global markets. This addition completes CNH's range of compact electric vehicles, responding to the growing demand for sustainable, zero-emission machinery in construction and agriculture.

The new electric loader offers low noise and zero emissions, making it ideal for indoor operations, night-time construction, and noise-sensitive applications. It boasts high performance and lower operating costs compared to diesel alternatives. The model features a 3-6 hour range and can be recharged using a standard 230V socket or an optional fast charger, which can charge the 23-kWh lithium-ion battery from 20% to 80% in just one hour.