Caterpillar and Cat Financial renew $11.5 billion of revolving credit lines

Caterpillar and its finance affiliates signed a new 364-day revolving facility of up to $3.5 billion and amended and extended their three-year and five-year facilities of up to $3.0 billion and $5.0 billion. The lines are unsecured and for general corporate purposes. No money had been drawn when the 8-K was filed. The covenants require Caterpillar to keep consolidated net worth of at least $9 billion.

• 364-day facility up to $3.5 billion, maturing August 26, 2027
• Three-year facility up to $3.0 billion, maturing August 27, 2029
• Five-year facility up to $5.0 billion, maturing August 27, 2031
• No borrowings as of the filing date; consolidated net worth must stay at or above $9 billion