Summary
Caterpillar Inc. (CAT) filed an amendment to a previously submitted Form 8-K, specifically addressing a 364-Day Credit Facility. The primary purpose of this amendment is to correct a clerical error in the original filing, revising the total committed amount of the facility from an incorrectly stated US$2.350 billion to the accurate figure of US$2.2525 billion. This credit facility, established on September 18, 2008, with an expiration date of September 17, 2009, serves as a potential alternative funding source for the company's commercial paper program.
Key Highlights
- 1Amendment clarifies the total commitment for the 364-Day Credit Facility to US$2.2525 billion.
- 2Original filing incorrectly stated the commitment at US$2.350 billion.
- 3The credit facility has an expiration date of September 17, 2009.
- 4The facility is unsecured and intended as an alternative source of funds for the company's commercial paper program.
- 5Caterpillar has not drawn on this facility, nor has it drawn on similar facilities previously.
- 6The agreement includes customary representations, warranties, covenants, and events of default.
- 7Borrowings under the facility are subject to interest at an adjusted applicable rate plus a margin.