Summary
Caterpillar Inc. (CAT) filed an 8-K on August 7, 2006, reporting on an Underwriting Agreement executed on August 3, 2006. This agreement pertains to the issuance and sale of $500 million in 5.700% Notes due 2016 and $750 million in 6.050% Debentures due 2036. The debt issuance was registered under a Form S-3ASR shelf registration statement, indicating Caterpillar's intention to raise significant capital through the public markets. This filing is primarily an informational event for investors, detailing the terms of a substantial debt offering. The specifics of the interest rates and maturity dates for both the notes and debentures provide insights into Caterpillar's financing strategy and its cost of capital at that time. Investors should note the aggregate principal amount of $1.25 billion, highlighting the company's access to considerable funding resources.
Key Highlights
- 1Caterpillar Inc. entered into an Underwriting Agreement on August 3, 2006.
- 2The agreement covers the issuance and sale of $500,000,000 in 5.700% Notes due 2016.
- 3The agreement also covers the issuance and sale of $750,000,000 in 6.050% Debentures due 2036.
- 4The total aggregate principal amount of the debt offering is $1,250,000,000.
- 5The debt was registered under a Form S-3ASR shelf registration statement (File No. 333-136265).
- 6Key underwriters include Citigroup Global Markets Inc., ABN AMRO Incorporated, and Barclays Capital Inc.