Caterpillar said it entered into a credit agreement on August 29, 2024 with Cat Financial, CIF and CFKK as borrowers, providing an unsecured revolving credit facility of up to $3.15 billion that expires on August 28, 2025. The 364-Day Facility is the name used in the filing.

1. 01

   Caterpillar said it entered into a credit agreement on August 29, 2024 with Cat Financial, CIF and CFKK as borrowers, providing an unsecured revolving credit facility of up to $3.15 billion that expires on August 28, 2025. The 364-Day Facility is the name used in the filing.

2. 02

   The company also entered into an addendum allowing CIF to borrow in approved currencies, including Pounds Sterling and Euros, of up to $100 million equivalent, and CFKK to borrow Japanese Yen of up to $100 million equivalent. The borrowings are part of the 364-Day Aggregate Commitment.

3. 03

   Caterpillar said it entered into Amendment No. 2 to extend the expiration of the Three-Year Facility, dated August 29, 2024, to August 29, 2027, and the Five-Year Facility to August 29, 2029. The new 364-Day Facility replaces the prior 364-Day Facility, which was entered into on August 31, 2023.

4. 04

   The company said Caterpillar is required to keep consolidated net worth at or above $9 billion at all times, and Cat Financial is required to keep its interest coverage ratio above 1.15 to 1 and its leverage ratio at or below 10.0 to 1. As of the date of the filing, the borrowers had not drawn on the credit facilities.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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