CNH Announces Closing of $1 Billion Senior Notes Offering

BURR RIDGE, IL--(Marketwire - August 17, 2009) - CNH Global N.V. (NYSE: CNH) today announced
that its wholly owned subsidiary, Case New Holland Inc., has completed its
previously announced private offering of $1 billion in aggregate principal
amount of 7.75% senior notes due 2013 at an issue price of 97.062%.

The net proceeds of this offering were approximately $955 million after
payment of offering and other related expenses. Case New Holland Inc. will
use the net proceeds from the offering primarily for the repayment of debt,
including repayment of debt owed to Fiat, and for general corporate
purposes. Pending application of the net proceeds, Case New Holland Inc.
will hold some or all of the proceeds in the form of cash, cash equivalents
or deposits under cash management pools with Fiat affiliates. The notes,
which are senior unsecured obligations of Case New Holland Inc., will pay
interest semi-annually on March 1 and September 1 of each year, beginning
on March 1, 2010, and are guaranteed by CNH Global N.V. and certain other
direct and indirect equipment subsidiaries of CNH Global N.V. The notes
will mature on September 1, 2013.

The notes were sold only to qualified institutional buyers in accordance
with Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act") and in offshore transactions to non-U.S. persons in
accordance with Regulation S under the Securities Act. The notes being
offered have not been and will not be registered under the Securities Act
or the securities laws of any other jurisdiction. The notes may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements. This press release does not
constitute an offer to sell or a solicitation of an offer to buy any of the
notes, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer solicitation or sale would be unlawful.