Cummins Inc. Enters Into Third Amended and Restated Credit Agreement with JPMorgan and Lenders, Securing Up to $2 Billion in Financing

Reuters
03 Jun
Cummins Inc. Enters Into Third Amended and Restated Credit Agreement with JPMorgan and Lenders, Securing Up to $2 Billion in Financing

Cummins Inc. has entered into a Third Amended and Restated Credit Agreement, known as the "5-Year Credit Agreement," on June 2, 2025. This agreement, involving Cummins Inc., its subsidiaries, various lenders, and JPMorgan Chase Bank as the administrative agent, allows the company to access revolving and swingline loans, as well as letters of credit, with a total capacity of up to $2.0 billion until its maturity date on June 2, 2030. The agreement replaces the previous Second Amended and Restated Credit Agreement and introduces the option for Cummins Inc. to request incremental term loans or increase the maximum availability by up to $1.0 billion, subject to certain conditions. The borrowings under this agreement will not be secured by liens on the company's assets, and Cummins Inc. guarantees all subsidiary borrowings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cummins Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-055520), on June 02, 2025, and is solely responsible for the information contained therein.

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