CNH Finance closed more than $40 million in new committed facilities in the third quarter 2021. These results continue a trend of strong portfolio performance during 2021, having achieved growth in net funds employed to beyond pre-pandemic levels. CNH looks to build on the momentum in the fourth quarter and beyond with an active pipeline of quality opportunities presenting themselves across healthcare and affiliated sectors.

The implementation of CNH's end-to-end proprietary tech-enabled sales, underwriting and loan servicing platform has enabled this growth by improving workflow, decision making and servicing efficiencies. CNH will continue to invest heavily in the development of the tech-enabled platform with AI, robotic processing and real time risk monitoring tools that will provide immediate feedback to our portfolio management team and further our high-quality borrower experience.

Some Q3 financings include: $10 million in the form of  letter of credit and $2.5 million term loan for a hospital; an $18 million AR letter of credit for skilled nursing facilities and an $10 million AR letter of credit for a specialty Rx cost containment company.