Cummins Inc. Reports New Financial Obligation on Feb 20, 2024

TL;DR

**Cummins just reported a new financial obligation, keep an eye on their balance sheet!**

AI Summary

Cummins Inc. filed an 8-K on February 20, 2024, reporting the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing, under SEC File Number 001-04949, indicates an event related to financial obligations, though specific dollar amounts or parties are not detailed in the provided excerpt. This report was filed from their principal executive office at 500 Jackson Street, Columbus, Indiana.

Why It Matters

This filing signals a new financial commitment for Cummins, which could impact its balance sheet and future financial performance, potentially affecting investor perception.

Risk Assessment

Risk Level: medium — The filing indicates a new financial obligation without specifying its nature or size, which introduces uncertainty regarding its potential impact on the company.

Key Players & Entities

• CUMMINS INC. (company) — Registrant
• Indiana (location) — State of Incorporation
• Columbus (location) — City of Principal Executive Office
• February 20, 2024 (date) — Date of Report
• 001-04949 (other) — Commission File Number

FAQ

Key Financial Figures

• $2.50 — nge on which registered Common stock, $2.50 par value CMI New York Stock Exchan
• $500 million — d a public offering (the "Offering") of $500 million aggregate principal amount of the Compa
• $750 million — nior Notes due 2029 (the "2029 Notes"), $750 million aggregate principal amount of the Compa
• $1 billion — r Notes due 2034 (the "20304 Notes) and $1 billion aggregate principal amount of the Compa

Filing Documents

• tm245853d6_8k.htm (8-K) — 35KB
• tm245853d6_ex4-2.htm (EX-4.2) — 177KB
• tm245853d6_ex4-3.htm (EX-4.3) — 184KB
• tm245853d6_ex4-4.htm (EX-4.4) — 187KB
• tm245853d6_ex5-1.htm (EX-5.1) — 20KB
• tm245853d6_8kimg01.jpg (GRAPHIC) — 3KB
• tm245853d6_ex5-1img01.jpg (GRAPHIC) — 4KB
• 0001104659-24-025510.txt ( ) — 915KB
• cmi-20240220.xsd (EX-101.SCH) — 3KB
• cmi-20240220_lab.xml (EX-101.LAB) — 33KB
• cmi-20240220_pre.xml (EX-101.PRE) — 22KB
• tm245853d6_8k_htm.xml (XML) — 4KB

03 Creation of a Direct Financial Obligation or an Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . On February 20, 2024, Cummins Inc. (the "Company") completed a public offering (the "Offering") of $500 million aggregate principal amount of the Company's 4.900% Senior Notes due 2029 (the "2029 Notes"), $750 million aggregate principal amount of the Company's 5.150% Senior Notes due 2034 (the "20304 Notes) and $1 billion aggregate principal amount of the Company's 5.450% Senior Notes due 2054 (the "2054 Notes," and together with the 2029 Notes and the 2034 Notes, the "Notes") . The Notes were issued under an Indenture (the "Base Indenture"), dated as of September 16, 2013, between the Company and U.S. Bank National Association, as trustee (the "Trustee"), as supplemented by a Sixth Supplemental Indenture (the "Sixth Supplemental Indenture"), a Seventh Supplemental Indenture (the "Seventh Supplemental Indenture") and an Eighth Supplemental Indenture (the "Eighth Supplemental Indenture"), each dated as of February 20, 2024, between the Company and the Trustee, establishing the terms and providing for the issuance of the Notes (collectively, the "Supplemental Indentures"). The Sixth Supplemental Indenture and form of the 2029 Note, which is included therein, provide, among other things, that the 2029 Notes bear interest at a rate of 4.900% per year (payable semi-annually in arrears on February 20 and August 20 of each year, beginning on August 20, 2024), and will mature on February 20, 2029. The Seventh Supplemental Indenture and form of the 2034 Note, which is included therein, provide, among other things, that the 2034 Notes bear interest at a rate of 5.150% per year (payable semi-annually in arrears on February 20 and August 20 of each year, beginning on August 20, 2024), and will mature on February 20, 2034. The Eighth Supplemental Indenture and form of the 2054 Note, which is included therein, provide, among other things, that the 2

01 Other Events

Item 8.01 Other Events . The Notes are registered under the Securities Act of 1933, as amended, pursuant to a Registration Statement on Form S-3 (Registration No. 333-262584) that the Company filed with the Securities and Exchange Commission (the "SEC") on February 8, 2022. The Company is also filing certain exhibits as part of this Current Report on Form 8-K for purposes of such Registration Statement. See "Item 9.01. Financial Statements and Exhibits."

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . (d) Exhibits. The exhibits below are filed herewith: EXHIBIT INDEX Exhibit No. Description (4.1) Indenture, dated as of September 16, 2013, by and between Cummins Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.3 to the Registration Statement on Form S-3 filed with the Securities and Exchange Commission on September 16, 2013 (Registration Statement No. 333-191189)). (4.2) Sixth Supplemental Indenture, dated as of February 20, 2024, between Cummins Inc. and U.S. Bank National Association. (4.3) Seventh Supplemental Indenture, dated as of February 20, 2024, between Cummins Inc. and U.S. Bank National Association. (4.4) Eighth Supplemental Indenture, dated as of February 20, 2024, between Cummins Inc. and U.S. Bank National Association. (5.1) Opinion of Foley & Lardner LLP with respect to the Notes. (23.1) Consent of Foley & Lardner LLP (included in Exhibit 5.1). (104) Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document). SIGNATURE 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. Date: February 20, 2024 CUMMINS INC. /s/ Mark A. Smith Mark A. Smith Vice President and Chief Financial Officer