secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001104659-23-068938
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000110465923068938/0001104659-23-068938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000110465923068938/tm2317981d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-068938

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