debt
confidence high
sentiment neutral
materiality 0.60
Cummins issues $2.25B in senior notes across 2029, 2034, and 2054 maturities
CUMMINS INC
- $500M of 4.900% Senior Notes due 2029, $750M of 5.150% due 2034, $1.0B of 5.450% due 2054.
- Underwriting agreement signed Feb 14, 2024; offering expected to close Feb 20, 2024.
- Notes registered under existing S-3 shelf; includes customary representations and indemnification.
- BofA Securities, Wells Fargo, ING, J.P. Morgan, PNC Capital Markets are representatives of underwriters.