05:38 PM EDT, 04/23/2024 (MT Newswires) -- CNH Industrial ( CNHI ) said late Tuesday it signed a reduced revolving credit facility of 3.25 billion euros ($3.46 billion).

The company said the committed credit line is for general corporate purposes.

The facility has a five-year tenor with two extension options of one year each. It replaces a five-year facility of 4 billion euros due to mature in March 2026.

The reduced size "aligns with reduced funding needs following the demerger of Iveco Group," the company said.

Price: 11.63, Change: +0.05, Percent Change: +0.43