---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-068938"
form_type: "8-K"
ticker: "CMI"
cik: "0000026172"
company_name: "CUMMINS INC"
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T06:08:26.813276+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cummins enters $2.0B 364-day credit facility, up from $1.5B, terminates $500M incremental facility

## Summary
- New $2.0B revolving credit facility replaces $1.5B facility; matures June 3, 2024.
- Terminated $500M incremental 364-day credit agreement from August 2022.
- Borrowings unsecured; interest rates based on credit ratings (currently A2/A+).
- Financial covenant: net debt to total capital ratio not to exceed 0.65:1.
- Company may request up to $1.0B in incremental term loans or increased availability.

## SEC filing metadata
- accession: 0001104659-23-068938
- form_type: 8-K
- ticker: CMI
- cik: 0000026172
- company_name: CUMMINS INC
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26172/000110465923068938/0001104659-23-068938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26172/000110465923068938/tm2317981d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-068938
- JSON: https://secwatch.observer/filing/0001104659-23-068938.json
- Plain text: https://secwatch.observer/filing/0001104659-23-068938.txt

## Key facts
- Debt Financings
  CUMMINS INC incurred revolving credit of up to $2.0 billion with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR Rate or Adjusted EURIBO Rate plus a rate ranging from 0.45% t maturing June 3, 2024.
  - Instrument: revolving credit
  - Principal: up to $2.0 billion
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: Adjusted Term SOFR Rate or Adjusted EURIBO Rate plus a rate ranging from 0.45% t
  - Maturity: June 3, 2024
  - Event: incurrence
  source text: nd JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent. Under the 364-Day Credit Agreement, the Borrowers may
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000110465923068938/0001104659-23-068938-index.htm
- Material Agreements
  CUMMINS INC terminated Incremental 364-Day Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at $500 million (effective 2023-06-05).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
  - Value: $500 million
  - Effective: 2023-06-05
  source text: the Company terminated the Incremental 364-Day Credit Agreement, dated as of August 17, 2022, by and among the Company, the other Borrowers party thereto, the lenders party thereto and JPMorgan, as administrative agent, which, prior to termination, permitted the Borrowers to obtain revolving loans in an amount up to $500 million in the aggregate outstanding from time to time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000110465923068938/0001104659-23-068938-index.htm
- Material Agreements
  CUMMINS INC amended Fifth Amended and Restated 364-Day Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein valued at $2.0 billion (effective 2023-06-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein
  - Value: $2.0 billion
  - Effective: 2023-06-05
  source text: On June 5, 2023, Cummins Inc. (the “Company”) entered into a Fifth Amended and Restated 364-Day Credit Agreement (the “364-Day Credit Agreement”) by and among the Company, certain of its subsidiaries (together with the Company, the “Borrowers”), the lenders named therein (the “Lenders”) and JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent. Under the 364-Day Credit Agreement, the Borrowers may obtain revolving and swingline loans, in each case subject to certain amount limitations, in an amount up to $2.0 billion in the aggregate outstanding at any time prior to June 3, 2024 (the “Commitment Termination Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000110465923068938/0001104659-23-068938-index.htm

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