CNH Global N.V. (CNH) said Wednesday that its wholly owned subsidiary, CNH Capital LLC, plans to offer about $500 million of notes due in 2018.
CNH Capital plans 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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