---
schema_version: "secwatch.filing_event.v1"
accession: "0000026172-22-000036"
form_type: "8-K"
ticker: "CMI"
cik: "0000026172"
company_name: "CUMMINS INC"
filed_at: "2022-07-19T23:59:59+00:00"
generated_at: "2026-06-24T12:38:26.306818+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cummins secures $2.0B delayed-draw term loan for Meritor acquisition and general corporate purposes

## Summary
- Loan agreement with Wells Fargo as agent; single draw of up to $2.0B before Oct 13, 2022, maturity 3 years after funding.
- Interest at SOFR + 0.55%-0.85% based on credit rating (current A2/A+ gives 0.70%) or prime-based alternative.
- Unsecured; financial covenant requires net debt/total capital ≤ 0.65:1.
- Proceeds for general corporate purposes and financing acquisition of Meritor, Inc.

## SEC filing metadata
- accession: 0000026172-22-000036
- form_type: 8-K
- ticker: CMI
- cik: 0000026172
- company_name: CUMMINS INC
- filed_at: 2022-07-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26172/000002617222000036/0000026172-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26172/000002617222000036/cmi-20220713.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000026172-22-000036
- JSON: https://secwatch.observer/filing/0000026172-22-000036.json
- Plain text: https://secwatch.observer/filing/0000026172-22-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.