Caterpillar Inc. Files 8-K on Debenture Agreement

TL;DR

CAT just filed an 8-K about a new debt agreement for their 2035 debentures.

AI Summary

Caterpillar Inc. entered into a material definitive agreement on August 29, 2024, related to its 5.3% Debentures due September 15, 2035. This agreement creates a direct financial obligation for the registrant. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant financial obligation for Caterpillar, potentially impacting its debt structure and financial commitments.

Risk Assessment

Risk Level: low — The filing reports on a standard debt issuance agreement, which is a routine financial activity for a company of Caterpillar's size and does not inherently signal new risks.

Key Numbers

• 5.3% — Debenture Interest Rate (Interest rate on the debentures mentioned in the filing.)
• September 15, 2035 — Debenture Maturity Date (Maturity date of the debentures.)

Key Players & Entities

• CATERPILLAR INC. (company) — Registrant
• August 29, 2024 (date) — Date of earliest event reported
• 5.3% Debentures due September 15, 2035 (dollar_amount) — Specific financial instrument
• Delaware (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $1.00 — change which registered Common Stock ($1.00 par value) CAT The New York Stock Exc
• $3.15 billion — rrowers in an aggregate amount of up to $3.15 billion (the "364-Day Aggregate Commitment") th
• $100 m — ggregate amount up to the equivalent of $100 million, and Cat Financial, CFKK, the Jap
• $9 billion — in consolidated net worth not less than $9 billion at all times. Caterpillar's consolidate

Filing Documents

• tm2423020d1_8k.htm (8-K) — 41KB
• tm2423020d1_ex10-1.htm (EX-10.1) — 1332KB
• tm2423020d1_ex10-2.htm (EX-10.2) — 94KB
• tm2423020d1_ex10-3.htm (EX-10.3) — 66KB
• tm2423020d1_ex10-4.htm (EX-10.4) — 112KB
• tm2423020d1_ex10-5.htm (EX-10.5) — 93KB
• tm2423020d1_8kimg001.jpg (GRAPHIC) — 11KB
• 0001104659-24-096572.txt ( ) — 2239KB
• cat-20240829.xsd (EX-101.SCH) — 3KB
• cat-20240829_def.xml (EX-101.DEF) — 26KB
• cat-20240829_lab.xml (EX-101.LAB) — 36KB
• cat-20240829_pre.xml (EX-101.PRE) — 25KB
• tm2423020d1_8k_htm.xml (XML) — 5KB

01

Item 1.01 Entry into a Material Definitive Agreement Creation of Revolving Credit Facilities On August 29, 2024, Caterpillar Inc. ("Caterpillar") entered into a Credit Agreement (the "364-Day Facility") among Caterpillar, Caterpillar Financial Services Corporation ("Cat Financial"), Caterpillar International Finance Designated Activity Company ("CIF") and Caterpillar Finance Kabushiki Kaisha ("CFKK" and, together with Caterpillar, Cat Financial and CIF, the "Borrowers"), certain financial institutions named therein (the "Banks"), Citibank, N.A. (the "Agent"), Citibank Europe PLC, UK Branch (the "Local Currency Agent"), and MUFG Bank, Ltd. (the "Japan Local Currency Agent"), which provides an unsecured revolving credit facility to the Borrowers in an aggregate amount of up to $3.15 billion (the "364-Day Aggregate Commitment") that expires on August 28, 2025. In addition, on August 29, 2024, Cat Financial, CIF, Local Currency Banks (as defined in the 364-Day Facility), the Agent and the Local Currency Agent, entered into a Local Currency Addendum that enables CIF to borrow in certain approved currencies including Pounds Sterling and Euros in an aggregate amount up to the equivalent of $100 million, and Cat Financial, CFKK, the Japan Local Currency Banks (as defined in the 364-Day Facility), the Agent and the Japan Local Currency Agent entered into a Japan Local Currency Addendum that enables CFKK to borrow Japanese Yen in an aggregate amount up to the equivalent of $100 million, as part of the 364-Day Aggregate Commitment. The 364-Day Facility replaces Caterpillar's prior 364-Day Facility, which was entered into on August 31, 2023. Amendments to and Extensions of Existing Credit Agreements On August 29, 2024, Caterpillar entered into (i) Amendment No. 2 to Third Amended and Restated Credit Agreement (Three-Year Facility), dated August 29, 2024 (the "Three-Year Facility Amendment"), which amended the Third Amended and Restated Credit Agreement (Three-Year Facil

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth under Item 1.01 of this report is hereby incorporated into this Item 2.03 by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits: Exhibit Number Description 10.1 364-Day Credit Agreement 10.2 Local Currency Addendum to the 364-Day Credit Agreement 10.3 Japan Local Currency Addendum to the 364-Day Credit Agreement 10.4 Amendment No. 2 to Third Amended and Restated Credit Agreement (Three-Year Facility) 10.5 Amendment No. 2 to Third Amended and Restated Credit Agreement (Five-Year Facility) 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. Caterpillar: Confidential Green 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CATERPILLAR INC. September 4, 2024 By: /s/Derek Owens Derek Owens Chief Legal Officer and General Counsel Caterpillar: Confidential Green 4

View Full Filing

View this 8-K filing on SEC EDGAR