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 JULY 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 CONCLUDES EQUITY OFFER AS UNDERWRITERS
EXERCISE OVER-ALLOTMENT OPTION
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 (July 15, 2002) CNH Global N.V. (NYSE:CNH) today announced that
the underwriters of CNH's equity offering exercised their over-allotment option
for 3,500,000 additional shares of common stock priced at $4.00 per share,
concluding the company's public offering of new shares of common stock. The
exercise of the over-allotment option brings to approximately 96,900,000 the
total number of shares held by investors other than majority shareholder Fiat,
and reduces Fiat's ownership to 85%.
On June 14, 2002, CNH had issued 50,000,000 new shares of common stock.
Concurrently, the Fiat Group, CNH's majority shareholder, had exchanged
approximately $1.3 billion of debt owed to Fiat by CNH for CNH common shares
also at $4.00 per share.
By applying all the net proceeds of these transactions to debt reduction, CNH
has reduced its net indebtedness to $4.1 billion, and lowered its debt to
capitalization ratio from 75% to 54%.
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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 Kobelco, 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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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
July 15, 2002