debt
confidence high
sentiment neutral
materiality 0.60
Cummins prices $2B three-tranche senior notes offering
CUMMINS INC
- $300M 4.250% notes due 2028, $700M 4.700% notes due 2031, $1B 5.300% notes due 2035.
- Underwriters led by BofA, Citi, HSBC, ING and J.P. Morgan; closing expected May 9, 2025.
- Notes registered under Form S-3 filed February 13, 2025; customary representations and warranties.
- Proceeds not specified; offering adds $2B to long-term debt.