CNH INDUSTRIAL N.V. - CNHI STOCK NEWS

CNH Industrial (NYSE: CNHI) announced the 2020 Sergio Marchionne Student Achievement Awards winners for North America, recognizing the academic excellence and community service of employees' children. Since 1996, over 40,000 students have received awards. The presentation was postponed due to COVID-19, with executives delivering video messages to the winners. The winners, selected for exceptional achievements, include 17 students across various categories. CNH Industrial has a global presence with 12 manufacturing plants and a workforce of 8,500 in North America.

CNH Industrial N.V. (NYSE: CNHI) has launched the 580 EV, the construction industry's first fully electric backhoe loader, as part of its 'ProjectZeus'. This innovative equipment aligns with the company's commitment to clean energy and sustainable solutions. With a 480-volt, 90-kilowatt-hour lithium-ion battery, the 580 EV can operate through standard eight-hour workdays, providing a powerful, eco-friendly alternative for urban construction. The machine offers significant noise and emission reductions, making it appealing for utility contractors and government projects focused on reducing carbon footprints.

CNH Industrial (NYSE: CNHI) is set to release its Second Quarter 2020 financial results on July 30, 2020. A live audio webcast will commence at 3:30 p.m. CEST. Investors can access the webcast details via the corporate website. CNH Industrial is recognized as a global leader in the capital goods sector, with a diverse product range across agriculture, construction, commercial vehicles, and other sectors. This announcement is part of the company's regular financial communication to shareholders and market participants.

On July 14, 2020, the CNH Industrial Foundation announced a partnership with Habitat for Humanity International to support affordable housing initiatives. The partnership involves a financial commitment to local Habitat affiliates in communities where CNH Industrial operates. This collaboration aims to enhance community improvement efforts, with many CNH Industrial employees volunteering their construction skills. The initiative aligns with the Foundation's core mission of civic engagement, as noted by its president, Brian French.

CNH Industrial (NYSE: CNHI) emphasizes the importance of sustainable water management in its operations, acknowledging the strain on global water resources. The company showcases its initiatives across manufacturing sites globally, such as in Poland, India, and Tunisia, aimed at reducing water usage and waste. Recently, CNH Industrial was recognized on the CDP Water Security 'A' list for its leadership in water management practices. These efforts not only support healthy ecosystems but are also essential for efficient manufacturing processes.

CNH Industrial (NYSE: CNHI) is executing a significant shipment of agricultural and construction equipment to support Uzbekistan's cotton sector during the COVID-19 pandemic. This delivery includes 120 Puma tractors, 23 Axial-Flow 4088 combine harvesters, and more, sourced from various global locations. Financing is facilitated by CNH Industrial Capital. The company emphasizes sustainable transportation and has reopened most of its 67 plants with a robust COVID-19 Safety Protocol in place to ensure employee safety.

CNH Industrial N.V. announced the pricing of $600 million in 1.950% notes due July 2, 2023, issued by its subsidiary, CNH Industrial Capital LLC. The notes, priced at 99.370%, will close on July 2, 2020, and are intended for general corporate purposes, including working capital and asset purchases. Interest will be paid semi-annually starting January 2021. The offering is managed by several banks and is part of a registered shelf statement with the U.S. SEC.

CNH Industrial N.V. announced that its subsidiary, CNH Industrial Capital LLC, plans to offer new notes, contingent on market conditions. These notes will be guaranteed by its subsidiaries, CNH Industrial Capital America LLC and New Holland Credit Company. The proceeds will be used for general corporate purposes, including working capital and debt repayment. The offering is part of an effective registration statement filed with the U.S. SEC. J.P. Morgan Securities and others are managing the offering. Note: This announcement does not constitute an offer to sell securities.

On June 15, 2020, Fitch Ratings affirmed CNH Industrial N.V.’s Long-Term Issuer Default Ratings at ‘BBB-’ and changed the Outlook from Positive to Stable. This rating reflects the company’s robust position in the capital goods sector, with a diverse product range and a global market presence. Key brands include Case IH, New Holland Agriculture, and Iveco, providing agricultural machinery, construction equipment, and commercial vehicles. The stability in ratings is crucial for investor confidence and may affect borrowing costs in the future.