CNH Industrial Capital America plans to issue its third equipment lease securitization of the year, according to a regulatory filing.

The deal, which has yet to be sized, will consist of six tranches of notes: five class A tranches and one tranche of subordinated class B notes. 

The leasing company’s previous deal, the $996.6 million CNH Equipment Trust 2014-B, competed this month, also issued four tranches of senior class A notes, and a single subordinated tranche of class B notes.  Moody’s Investors Service and Standard & Poor’s rated the class A-1 notes ‘P-1’ and ‘A-1+,’ respectively.  The deal was backed by fixed-rate installment sale contracts and retail installment loans secured by agricultural or construction equipment.

The servicer for the new deal is New Holland Credit Company. New Holland was formed in April 1996

CNH Industrial is one of the leading global capital goods companies engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, along with a wide variety of commercial vehicles.  Their agricultural and construction equipment are marketed through two brand families: Case and New Holland.

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