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CNH Announces Closing of $1.5 Billion Senior Notes Offering

BURR RIDGE, Ill.  – (Marketwire – June 28, 2010) – CNH Global N.V. (NYSE: CNH) today announced that its wholly owned subsidiary, Case New Holland Inc., has completed its previously announced private offering of $1.5 billion in aggregate principal amount of 7 7/8% senior notes due 2017 at an issue price of 99.32%.

At the same time, the company announced that Case New Holland Inc., is redeeming its outstanding 7.125% Senior Notes due 2014 (the “2014 Notes”), with today’s mailing of notice to bond-holders. The full $500,000,000 aggregate principal amount of the 2014 Notes will be redeemed on July 28, 2010.

Source: CNH

Posted June 28, 2010

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