Summary
Caterpillar Inc. (CAT) filed an 8-K report on August 28, 2012, detailing the final results of its previously announced exchange offers for its outstanding debentures and senior notes. The primary event reported is the issuance of an additional $919.89 million in aggregate principal amount of 3.803% Debentures due 2042 (New Debentures) on August 27, 2012. This issuance follows an earlier issuance of $801.65 million in New Debentures on August 15, 2012, bringing the total issued in these exchange offers to over $1.7 billion. These New Debentures were issued in connection with Caterpillar's offers to exchange existing debt for a combination of these new debentures and cash. The issuance was conducted under exemptions from the registration requirements of the Securities Act of 1933, indicating that these were private placements. Investors should note that this filing pertains to debt issuance and reflects Caterpillar's ongoing efforts to manage its capital structure and debt obligations.
Key Highlights
- 1Caterpillar Inc. issued an additional $919.89 million in 3.803% Debentures due 2042 on August 27, 2012.
- 2This issuance is part of the final settlement of the company's previously announced offers to exchange outstanding debentures and senior notes.
- 3The total principal amount of new debentures issued in these exchange offers now exceeds $1.7 billion.
- 4The new debentures were issued under exemptions from the Securities Act of 1933, suggesting a private placement.
- 5The company is utilizing U.S. Bank National Association as the successor trustee for these debentures.
- 6The filing includes the forms of the Global Debentures (Rule 144A and Regulation S) and a press release detailing the final exchange offer results as exhibits.