CNH Capital Announces Disaster Relief for Customers Affected by Hurricane Katrina
13 September 2005 - 9:04PM
PR Newswire (US)
LAKE FOREST, Ill., Sept. 13 /PRNewswire-FirstCall/ -- CNH Capital,
the financial services business of agricultural and construction
equipment maker CNH Global N.V., today announced a number of
actions designed to help its loan, lease and credit card customers
affected by Hurricane Katrina. In addition, the company is
assisting dealers throughout the region, so they can quickly
restore business operations. "CNH Capital is committed to helping
our customers and dealers through this incredibly difficult time,"
said Mario R. Ferla, President of CNH Capital. "We're focused on
providing our customers with immediate solutions that relieve some
financial and logistical burdens. Over the long term, we will work
individually with customers who have extraordinary needs."
Customers located in the federally declared disaster areas are
being notified that CNH Capital is deferring payments, effective
immediately. Customers who cannot be contacted by mail are urged to
call CNH Capital's credit specialists at 1-800-777-0552 for more
specific information about CNH Capital's disaster relief actions.
In addition to the actions being taken by CNH Capital, CNH Global
announced that it will donate more than $1 million of Case and New
Holland construction equipment to support ongoing relief and
restoration efforts related to Hurricane Katrina, including
approximately $200,000 of construction equipment from Kobelco, its
global alliance partner. CNH also announced that, in addition to
providing equipment, it will match individual employee donations to
the American Red Cross Disaster Relief Fund on a dollar-for-dollar
basis up to $250,000. CNH and CNH Capital will continue to monitor
the recovery progress and develop further actions to allow employee
volunteers to assist affected family members and dealers to cope
with their rebuilding needs. About CNH Capital CNH Capital, the
financial services business of CNH Global N.V., provides a
comprehensive range of services, including wholesale and retail
financing, leasing, insurance, asset management, and revolving
lines of credit, for the global marketplace. Building on nearly 50
years' experience in the equipment finance industry, CNH Capital
services a portfolio of more than $13 billion, helping customers
through various wholly owned subsidiaries and joint ventures
throughout North America, Latin America, Europe and Australia. More
information about CNH Capital can be found at
http://www.cnhcapital.com/ . DATASOURCE: CNH Capital CONTACT: Kris
Harper of CNH Capital, +1-262-636-7143, Web site:
http://www.cnhcapital.com/
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