CNH Global N.V. CNH today announced its wholly owned subsidiary, CNH Capital LLC,
plans to offer approximately $500 million of notes due in 2015. The
notes will be guaranteed by CNH Capital America LLC and New Holland
Credit Company, LLC, each a wholly owned subsidiary of CNH Capital
LLC. CNH Capital LLC is the North American arm of CNH's global
financial services business.
CNH Capital LLC intends to use the net proceeds from the issuance of
the notes for working capital and other general corporate purposes,
including, among other things, the purchase of receivables or other
assets. The net proceeds may also be applied to repay CNH Capital
LLC's indebtedness as it becomes due.
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