secwatch.observer — SEC 8-K summary
======================================

Issuer:     CUMMINS INC (CMI)
CIK:        0000026172
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001104659-25-046636
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cummins issues $2B in three tranches of senior notes due 2028, 2031, 2035
-------------------------------------------------------------------------

- $300M 4.250% Senior Notes due 2028, $700M 4.700% due 2031, $1B 5.300% due 2035.
- Net proceeds for general corporate purposes, including refinancing existing debt.
- Interest payable semi-annually; first payments Nov 9, 2025 (2028 & 2035) and Feb 15, 2026 (2031).
- Notes redeemable at any time with make-whole premium before one month (2028/2031) or three months (2035) prior to maturity.
- Customary events of default; acceleration possible by holders of 25% principal or upon certain bankruptcy events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26172/000110465925046636/0001104659-25-046636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26172/000110465925046636/tm2513958d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-046636

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer