The Investor
10 May 2025, 22:04
Cummins Inc. Issues $2 Billion in Senior Notes Across Three Maturities
On May 9, 2025, Cummins Inc. completed a $2 billion public debt offering, issuing:
• $300 million in 4.250% Senior Notes due 2028
• $700 million in 4.700% Senior Notes due 2031
• $1 billion in 5.300% Senior Notes due 2035
The notes were issued under a base indenture and three supplemental indentures with U.S. Bank Trust Company. Interest will be paid semi-annually, and the company may redeem the notes early, subject to make-whole premiums or par pricing depending on timing. Proceeds will be used for general corporate purposes, including refinancing existing debt. The offering is registered under the company’s shelf registration filed in February 2025.
On May 9, 2025, Cummins Inc. completed a $2 billion public debt offering, issuing:
• $300 million in 4.250% Senior Notes due 2028
• $700 million in 4.700% Senior Notes due 2031
• $1 billion in 5.300% Senior Notes due 2035
The notes were issued under a base indenture and three supplemental indentures with U.S. Bank Trust Company. Interest will be paid semi-annually, and the company may redeem the notes early, subject to make-whole premiums or par pricing depending on timing. Proceeds will be used for general corporate purposes, including refinancing existing debt. The offering is registered under the company’s shelf registration filed in February 2025.