CUMMINS INC (CMI): debt financing — Cummins issues $2.25B in three tranches of senior notes due 2029, 2034, 2054

CUMMINS INC

Cummins raised $2.25B via public offering: $500M 4.900% notes due 2029, $750M 5.150% notes due 2034, $1B 5.450% notes due 2054.
Offering closed Feb 20, 2024; net proceeds for general corporate purposes, including repaying existing debt.
Interest payable semi-annually; notes redeemable at make-whole premium before certain dates.
Issued under base indenture and supplemental indentures with U.S. Bank National Association as trustee.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CUMMINS INC incurred senior notes of $1 billion with U.S. Bank National Association at 5.450% per maturing February 20, 2054.

Instrument: senior notes
Principal: $1 billion
Counterparty: U.S. Bank National Association
Rate: 5.450% per
Maturity: February 20, 2054
Event: incurrence

Exact text from the filing

of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due 2034 (the “20304 Notes) and $1 billion aggregate principal amount of the Company’s 5.450% Senior Notes due 2054 (the “2054 Notes,” and together with the 2029 Notes and the 2034 Notes, the “Notes”) . The Notes were

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CUMMINS INC incurred senior notes of $750 million with U.S. Bank National Association at 5.150% per year maturing February 20, 2034.

Instrument: senior notes
Principal: $750 million
Counterparty: U.S. Bank National Association
Rate: 5.150% per year
Maturity: February 20, 2034
Event: incurrence

Exact text from the filing

Inc. (the “Company”) completed a public offering (the “Offering”) of $500 million aggregate principal amount of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due 2034 (the “20304 Notes) and $1 billion aggregate principal amount of the Company’s 5.450% Senior Notes due

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CUMMINS INC incurred senior notes of $500 million with U.S. Bank National Association at 4.900% per year maturing February 20, 2029.

Instrument: senior notes
Principal: $500 million
Counterparty: U.S. Bank National Association
Rate: 4.900% per year
Maturity: February 20, 2029
Event: incurrence

Exact text from the filing

or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . On February 20, 2024, Cummins Inc. (the “Company”) completed a public offering (the “Offering”) of $500 million aggregate principal amount of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due

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299 debt financings filed in the last 30 days. Browse all debt financings →

CUMMINS INC filing history →

Source: SEC EDGAR

accession 0001104659-24-025510

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