CNH Industrial offers bright spark in dim market

By Mike Turner
19 Mar 2019

UK capital goods firm CNH Industrial has signed a €4bn revolving credit facility in a rare bout of activity in the high grade loan market, with bankers saying the lethargy is going to continue for the foreseeable future.

CNH Industrial’s revolver has a five year maturity with two one year extension options. 

In total, 32 banks made up the lending group for the new loan. There were some substantial scale backs, as demand for the loan reached more than €6bn. 

“Everyone is trying to find assets,” said one ...

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