05:06 AM EDT, 04/22/2024 (MT Newswires) -- CNH Industrial ( CNHI ) disclosed in a regulatory statement on Friday that it has secured a 3.25 billion euro ($3.46 billion) multicurrency revolving credit deal with Citibank (C) Europe Plc, as facility agent, and other lenders.

The facility includes an optional expansion of up to 500 million euros and is set to mature on April 19, 2029, with two one-year extension options.

Borrowings from the facility will be used for general corporate and working capital purposes, including debt repayments, the company said.

Additionally, the company said that, in connection with the new facility, it terminated its existing $4 billion five-year multicurrency revolving credit facility dated March 18, 2021, with certain banks.