SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JUNE, 2002.
CNH GLOBAL N.V.
(TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)
WORLD TRADE CENTER
TOWER B, 10TH FLOOR
AMSTERDAM AIRPORT
THE NETHERLANDS
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82- _______.)
[CNH LOGO]
NEWS RELEASE
CNH COMMON STOCK OFFERING PRICED AT $4.00 PER SHARE.
FOR MORE INFORMATION CONTACT:
JEFFREY T. WALSH Media Relations (1) 847 955 3939
ALBERT A. TREFTS JR. Investor Relations (1) 847 955 3821
Lake Forest, IL (June 11, 2002) CNH Global N.V. (NYSE:CNH) today announced
that the company's public offering of new shares of common stock was priced
at $4.00 per share. CNH will issue 50,000,000 new shares of common stock
and may issue up to an additional 7,500,000 shares should the underwriters
exercise their over-allotment option in full. The company expects the
public offering to be completed by Friday, June 14, 2002. CNH intends to
use the net proceeds of the public offering to repay indebtedness.
The offering is being underwritten by a syndicate of investment banks. In
the United States the syndicate is led by Merrill Lynch & Co. and includes
JPMorgan and Salomon Smith Barney. In Europe the syndicate includes Merrill
Lynch International, JPMorgan, Schroder Salomon Smith Barney, and UniCredit
Banca Mobiliare.
Concurrently, the Fiat Group, CNH's majority shareholder, will exchange
approximately $1.3 billion of debt owed to Fiat by CNH for CNH common
shares also priced at $4.00 per share. The exchange is expected to be
completed by Friday, Jun 14, 2002.
A registration statement relating to these securities was filed and
declared effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of these securities in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
A copy of the registration statement may be obtained from Investor
Relations, CNH Global N.V., Global Management Office, 100 South Saunders
Road, Lake Forest, IL 60045.
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CNH is the number one manufacturer of agricultural tractors and combines in
the world, the third largest maker of construction equipment, and has one
of the industry's largest equipment finance operations. Revenues in 2001
totaled $9.7 billion. Based in the United States, CNH's network of dealers
and distributors operates in over 160 countries. CNH agricultural products
are sold under the Case IH, New Holland and Steyr brands. CNH construction
equipment is sold under the Case, Fiatallis, Fiat-Hitachi, Kobelco, New
Holland, and O&K brands.
- CNH Global N.V. Global Management Office 100 South Saunders Rd, Lake
Forest, IL 60045 U.S.A. http://www.cnh.com -
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Certain statements contained in this press release which are not historical
facts contain forward looking information with respect to the company's
plans, projections or future performance, the occurrence of which involve
risks and uncertainties that could cause the company's actual results or
plans to differ materially from those expected by the company which include
risk factors described in the company's filings with the Securities and
Exchange Commission.
Page 2
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
CNH Global N.V.
By: /s/ Debra E. Kuper
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Debra E. Kuper
Assistant Secretary
June 11, 2002