Cummins (CMI) said Friday it completed a public offering of $2 billion of senior notes.
The company said it completed the issue of $300 million of 4.250% senior notes due 2028, $700 million of 4.700% senior notes due 2031, and $1 billion of 2035 senior notes bearing an interest rate of 5.300%.
Cummins plans to use the net proceeds for general corporate purposes, which might include repaying or refinancing existing debts, according to a regulatory filing.
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