Marval O’Farrell Mairal advises CNH Industrial Capital Argentina

Marval O’Farrell Mairal advised CNH Industrial Capital Argentina S.A. on the issuance of 0.000% dollar-linked notes for an aggregate amount of USD 22,691,108.

On October 27, 2022, CNH Industrial Capital Argentina S.A. issued its 0.000% dollar-linked notes due in October 2025, settled in kind by the exchange of its Class 1 Notes, for an aggregate amount of USD 22,691,108.

Over 70% of the Class 1 Notes were exchanged. 

Class 3 Notes are authorized to be traded in Bolsas y Mercados Argentinos S.A. and Mercado Abierto Electrónico S.A.

Banco Santander Argentina S.A. and Banco Galicia y Buenos Aires S.A.U. acted as exchange agents and arrangers. Puente Hnos. S.A., Balanz Capital Valores S.A.U., and the Industrial and Commercial Bank of China (Argentina) S.A.U. acted as exchange agents in the Class 1 Notes exchange and the issuance of the Class 3 Notes.

On the other hand, the issuance of the Class 4 Notes has been declared void.

Marval O’Farrell Mairal acted as counsel to CNHI Capital, through a team led by partners Gabriel Matarasso and Sergio Tálamo, along with associates Federico Pitarch, Juan Pablo Lentino and Carmen Del Pino. Pérez Alati, Grondona, Benites & Arntsen acted as counsel to the Exchange Agents, with a team formed by partner Diego Serrano Redonnet and associates Nicolás Aberastury, Adriana Tucci and Joaquín López Matheu.

CNHI Capital is a commercial company with a financing purpose within the CNH Industrial Group that offers CNH Industrial’s customers and dealers financing for the acquisition of new and used vehicles, as well as financing to the dealer network on its stock of units. Currently, it is a private company with over 40 years of global experience, over 20 years in Brazil and 5 years in Argentina, and a leader in the financial solutions for the acquisition of CNH Industrial machinery and equipment.