Cummins Inc.
Cummins Inc. Enters into New Credit Agreements
Summary
On June 3, 2024, Cummins Inc. entered into a new 5-Year Credit Agreement and a 364-Day Credit Agreement, providing up to $2.0 billion in total borrowing capacity. These agreements replace prior credit facilities and include terms for interest rates, fees, and covenants. No liens will secure the borrowings, which will be guaranteed by the Company. The Company may request increases in borrowing capacity under certain conditions. The agreements were filed as exhibits to this 8-K report.
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Exhibits (2)
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About Cummins Inc.
Cummins Inc. is a global leader in the design, manufacture, and distribution of diesel and natural gas engines, as well as an array of related technologies. Founded in 1919 and headquartered in Columbus, Indiana, the company provides engines and power generation systems that serve a wide range of industries including automotive, construction, agriculture, and marine sectors. Cummins Inc.'s products encompass engines, fuel systems, turbochargers, emissions solutions, and power systems, which play a pivotal role in driving efficiency and sustainability in multiple applications. The company is at the forefront of developing innovative solutions for reducing emissions and maximizing fuel efficiency, making it an essential player amid growing environmental regulations and the global push towards sustainable energy. With a significant presence in over 190 countries through a network of distributors and dealers, Cummins Inc. holds a prominent position in the global industrial and power generation markets, demonstrating resilience through diversified offerings and adaptive technology advancements.
Official SEC Documents
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