{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-106304","form_type":"8-K","ticker":"CMI","cik":"0000026172","company_name":"CUMMINS INC","filed_at":"2022-10-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.102310+00:00","generated_at":"2026-06-23T05:27:03.773701+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Cummins subsidiaries enter $1B credit facility to finance filtration business spin-off","bullets":["$1B facility comprised of $400M revolver and $600M term loan, maturing Sept 30, 2027.","Borrowings only available upon public sale of filtration subsidiary shares; deal terminates if no sale by March 30, 2023.","Cummins Inc. initially guarantees obligations; guarantee ends if collateral and subsidiary guarantee conditions met.","Interest rates based on SOFR/EURIBOR plus margin: ABR 0.125%-0.750%, term benchmark 1.125%-1.750%.","Financial covenants: net leverage ≤ 4.00x (or 4.50x optional) and interest coverage ≥ 3.00x."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-106304","json":"https://secwatch.observer/filing/0001104659-22-106304.json","markdown":"https://secwatch.observer/filing/0001104659-22-106304.md","text":"https://secwatch.observer/filing/0001104659-22-106304.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/26172/000110465922106304/0001104659-22-106304-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/26172/000110465922106304/tm2227273d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T05:27:03.773701+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}