CREDIT FACILITIES AND DEBT |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| CREDIT FACILITIES AND DEBT | |
| CREDIT FACILITIES AND DEBT | NOTE 6: CREDIT FACILITIES AND DEBT On May 23, 2025, the Company repaid the principal amount of $500,000 of its 3.950% unsecured notes due 2025. On June 5, 2025, CNH Capital Canada completed a private placement offering of C$500,000 ($365,850) in aggregate principal amount of its 3.750% unsecured notes due 2029, issued at par. On June 30, 2025, the Company, through a trust, issued C$486,050 ($355,432) of amortizing asset-backed notes secured by Canadian retail receivables. Repurchase Agreement The Company is a party to a Global Master Repurchase Agreement which expires in September 2025. As of June 30, 2025, the Company had sold, and not yet repurchased, C$450,000 ($329,070) of Canadian receivables under the repurchase agreement, with an obligation to repurchase such receivables in 30 days. The repurchase agreement is treated as a financing arrangement for accounting purposes. Unsecured Facilities and Debt As of June 30, 2025, committed and uncommitted unsecured facilities with banks totaled $797,417. These credit facilities, which are eligible for renewal at various future dates, are used primarily for working capital and other general corporate purposes. As of June 30, 2025, the Company had $49,600 outstanding under these credit facilities. The remaining available credit commitments are maintained primarily to provide backup liquidity for commercial paper borrowings. The Company had no commercial paper outstanding as of June 30, 2025. |