Caterpillar Financial Services Corporation has successfully issued $1.25 billion in aggregate principal amount of its Medium-Term Notes, Series K, as announced today. The issuance, dated January 8, 2025, includes three types of notes: $350 million of Floating Rate Notes due 2027, $450 million of 4.500% Fixed Rate Notes due 2027, and $450 million of 4.800% Fixed Rate Notes due 2030.
The notes were offered under Caterpillar Financial's Registration Statement on Form S-3 and related Prospectus, Prospectus Supplement, and Pricing Supplements, all previously filed with the Securities and Exchange Commission (SEC). The notes are listed on the New York Stock Exchange under the trading symbols CAT/29 for the 4.850% Notes Due 2029.
Legal opinions concerning the legality of these notes have been provided by Sidley Austin LLP and are included within the exhibits filed with the SEC as part of the Form 8-K submission. The issuance of these notes is expected to provide Caterpillar Financial with additional capital to support its operations and strategic initiatives.
Caterpillar Financial, a subsidiary of Caterpillar Inc (NYSE:CAT)., is based in Nashville, Tennessee, and specializes in providing financing solutions to customers and dealers for Caterpillar machinery and engines, Solar gas turbines, and other related equipment and services.
The information regarding the issuance of notes is based on the SEC filing by Caterpillar Financial Services Corporation.
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