Cummins completed a public offering of $300,000,000 of 4.250% senior notes due 2028, $700,000,000 of 4.700% senior notes due 2031 and $1,000,000,000 of 5.300% senior notes due 2035, all dated May 9, 2025.

1. 01

   Cummins completed a public offering of $300,000,000 of 4.250% senior notes due 2028, $700,000,000 of 4.700% senior notes due 2031 and $1,000,000,000 of 5.300% senior notes due 2035, all dated May 9, 2025.

2. 02

   The company will pay interest on the 2028 notes and the 2035 notes semiannually in arrears on May 9 and November 9, and on the 2031 notes on February 15 and August 15 each year. The notes mature on May 9, 2028, February 15, 2031 and May 9, 2035, respectively.

3. 03

   The company said it intends to use the net proceeds of the offering for general corporate purposes, which may include repaying, redeeming, repurchasing and/or otherwise refinancing existing indebtedness.

4. 04

   The company said it may redeem the notes of each series at any time. It said the 2028 and 2031 notes redeemed more than 1 months before maturity, and the 2035 notes redeemed more than 3 months before maturity, will be redeemed at principal plus a make-whole premium; thereafter, the notes will be redeemable at 100% of principal. If an event of default continues, the trustee or holders of at least 25% of the principal of the outstanding notes of that series may declare them immediately due and payable.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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