secwatch.observer — SEC 8-K summary
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Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001104659-24-067815
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cummins enters $4B in revolving credit facilities; $2B 5-year and $2B 364-day
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- $2.0B 5-year credit agreement matures June 3, 2029; $2.0B 364-day facility matures June 2, 2025.
- Both facilities are unsecured; borrowings can be in USD, EUR, or GBP with rates based on credit ratings (currently A2/A).
- Applicable rate for 364-day facility: 0.75%; for 5-year facility: 0.875% (based on current ratings).
- Financial covenant: consolidated net debt to total capital ratio not greater than 0.65:1 at each quarter end.
- Each facility can be increased by up to $1.0B, subject to lender consent and no default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000110465924067815/0001104659-24-067815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000110465924067815/tm2416225d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-067815

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