CATERPILLAR FINANCIAL SERVICES CORP

$8.88bn committed across 3 active facilities, next covenant test Sep 30, 2026.

Miscellaneous Business Credit Institution

Recent changes

Sep 1, 2026CATERPILLAR FINANCIAL SERVICES CORP signs $100m CREDIT AGREEMENT (2026 364-Day Facility), matures Aug 2027 SEC ↗

CovenantTestedHeadroomLimit now

Tested otherHeadroom not yet measured$9bn

Caterpillar will, unless the Majority Banks shall otherwise consent in writing, maintain at all times during each fiscal year of Caterpillar, Consolidated Net Worth of not less than $9,000,000,000.

Read the filing on sec.gov ↗

Tested otherHeadroom not yet measured10.00

Maintain at all times a ratio (the “Leverage Ratio”) of (x) CFSC Consolidated Debt to (y) CFSC’s Consolidated Net Worth of not greater than 10.0 to 1.

Read the filing on sec.gov ↗

Tested quarterlyHeadroom not yet measured1.15x

Maintain, for CFSC and its Subsidiaries on a consolidated basis as determined in accordance with generally accepted accounting principles, a ratio of (i) profit excluding income taxes, Interest Expense and Net Gain/(Loss) From Interest Rate Derivatives to (ii) Interest Expense of not less than 1.15 to 1, as calculated at the end of each fiscal quarter, for the prior four consecutive fiscal quarter period.

Read the filing on sec.gov ↗

Tested otherHeadroom not yet measured$9bn

Caterpillar will, unless the Majority Banks shall otherwise consent in writing, maintain at all times during each fiscal year of Caterpillar, Consolidated Net Worth of not less than $9,000,000,000.

Read the filing on sec.gov ↗

Tested otherHeadroom not yet measured10.00

Maintain at all times a ratio (the “Leverage Ratio”) of (x) CFSC Consolidated Debt to (y) CFSC’s Consolidated Net Worth of not greater than 10.0 to 1.

Read the filing on sec.gov ↗

Tested quarterlyHeadroom not yet measured1.15x

Maintain, for CFSC and its Subsidiaries on a consolidated basis as determined in accordance with generally accepted accounting principles, a ratio of (i) profit excluding income taxes, Interest Expense and Net Gain/(Loss) From Interest Rate Derivatives to (ii) Interest Expense of not less than 1.15 to 1, as calculated at the end of each fiscal quarter, for the prior four consecutive fiscal quarter period.

Read the filing on sec.gov ↗

Tested otherHeadroom not yet measured$9bn

Caterpillar will, unless the Majority Banks shall otherwise consent in writing, maintain at all times during each fiscal year of Caterpillar, Consolidated Net Worth of not less than $9,000,000,000.

Read the filing on sec.gov ↗

Tested otherHeadroom not yet measured10.00

Maintain at all times a ratio (the “Leverage Ratio”) of (x) CFSC Consolidated Debt to (y) CFSC’s Consolidated Net Worth of not greater than 10.0 to 1.

Read the filing on sec.gov ↗

Tested quarterlyHeadroom not yet measured1.15x

Maintain, for CFSC and its Subsidiaries on a consolidated basis as determined in accordance with generally accepted accounting principles, a ratio of (i) profit excluding income taxes, Interest Expense and Net Gain/(Loss) From Interest Rate Derivatives to (ii) Interest Expense of not less than 1.15 to 1, as calculated at the end of each fiscal quarter, for the prior four consecutive fiscal quarter period.

Read the filing on sec.gov ↗

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CREDIT AGREEMENT (2026 364-Day Facility)

Signed Aug 27, 2026

Committed: $100m
Matures: Aug 2027
Agent: CITIBANK, N.A.

Tranche	Size	Matures	Margin
CIF Local Currency Facility (364-Day)	$100m	Aug 2027	n/a

Priced over Other (Revolving credit facility).

Level	Condition	Margin	Unused fee
Level all	all times	n/a	n/a

Lenders: CITIBANK, N.A., BofA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., J.P. MORGAN SE, BARCLAYS BANK PLC, MUFG BANK, LTD., SOCIÉTÉ GÉNÉRALE, Citibank, N.A., Bank of America, N.A., JPMorgan Chase Bank, N.A., Barclays Bank PLC, MUFG Bank, Ltd.

FIFTH AMENDED AND RESTATED CREDIT AGREEMENTunconfirmed

Signed Aug 27, 2026

Committed: $3bn
Matures: Aug 2029
Agent: Citibank, N.A.

Tranche	Size	Matures	Margin
Revolving credit facility	$3bn	Aug 2029	63 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

Level	Condition	Margin	Unused fee
Level Level I	If the Credit Rating for the applicable Borrower is at least AA- by Standard & Poor’s or at least Aa3 by Moody’s	63 bps	n/a
Level Level II	If the Credit Rating for the applicable Borrower is at least A+ by Standard & Poor’s or at least A1 by Moody’s	n/a	n/a
Level Level III	If the Credit Rating for the applicable Borrower is at least A by Standard & Poor’s or at least A2 by Moody’s	n/a	n/a
Level Level IV	If the Credit Rating for the applicable Borrower is lower than Level III by Standard & Poor’s and Moody’s	n/a	n/a
Level Level I	If the Credit Rating for the applicable Borrower is at least AA- by Standard & Poor’s or at least Aa3 by Moody’s	n/a	4 bps
Level Level II	If the Credit Rating for the applicable Borrower is at least A+ by Standard & Poor’s or at least A1 by Moody’s	n/a	n/a
Level Level III	If the Credit Rating for the applicable Borrower is at least A by Standard & Poor’s or at least A2 by Moody’s	n/a	n/a
Level Level IV	If the Credit Rating for the applicable Borrower is lower than Level III by Standard & Poor’s and Moody’s	n/a	n/a

Lenders: Citibank, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A., J.P. Morgan SE, Barclays Bank PLC, MUFG Bank, Ltd., Société Générale, Bank of America, N.A., BNP Paribas, HSBC Bank USA, N.A., ING Bank N.V., Dublin Branch, Lloyds Bank plc

FIFTH AMENDED AND RESTATED CREDIT AGREEMENTunconfirmed

Signed Aug 27, 2026

Committed: $5.78bn
Matures: Aug 2031
Agent: Citibank, N.A.

Tranche	Size	Matures	Margin
Revolving credit facility	$4.78bn	Aug 2031	63 bps
Local Currency Subfacilities	$1bn	Aug 2031	63 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility, Other tranche).

Level	Condition	Margin	Unused fee
Level Level I	If the Credit Rating for the applicable Borrower is at least AA- by Standard & Poor’s or at least Aa3 by Moody’s	63 bps	n/a
Level Level II	If the Credit Rating for the applicable Borrower is at least A+ by Standard & Poor’s or at least A1 by Moody’s	n/a	n/a
Level Level III	If the Credit Rating for the applicable Borrower is at least A by Standard & Poor’s or at least A2 by Moody’s	n/a	n/a
Level Level IV	If the Credit Rating for the applicable Borrower is lower than Level III by Standard & Poor’s and Moody’s	n/a	n/a

Lenders: Citibank, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A., J.P. Morgan SE, Barclays Bank PLC, MUFG Bank, Ltd., Société Générale

Aug 27, 2026
Amendmentunconfirmed
Establishes a Japan Local Currency subfacility for CFKK under the 2026 364-Day Credit Agreement with total commitments of $100,000,000. Japan Local Currency Advances bear interest at TONAR or Japan Base Rate plus the Applicable Margin, and the addendum’s termination aligns with the Credit Agreement’s termination dates.
- total_japan_local_currency_commitment: n/a → 100000000 §Schedule I; Section 2.02(a)
Filing ↗
Aug 27, 2026
Amendmentunconfirmed
Establishes a CIF LUX Local Currency sub-facility under the 2026 364-Day Credit Agreement with an aggregate $100,000,000 cap shared with the CIF Local Currency Addendum. Sets interest for Local Currency Advances at EURIBOR plus the Applicable Margin (or RFR per the Credit Agreement), and specifies notice and prepayment procedures.
- aggregate_local_currency_cap_shared: n/a → 100000000 §Section 2.02(a)
- allowed_currencies: n/a → Pounds Sterling; Euro; other Agreed Currency acceptable to Local Currency Banks §Section 1.01 ("Local Currency Advance")
- interest_basis_non_RFR: n/a → EURIBOR + Applicable Margin §Schedule II, Item 4 (Interest Rates)
- prepayment_notice_min_days: n/a → 3 §Schedule II, Item 5 (Prepayment Notices)
Filing ↗
Aug 27, 2026
Amendmentunconfirmed
Adds a CIF Local Currency Addendum under the 2026 364‑Day Credit Agreement establishing a $100,000,000 local‑currency subfacility for CIF, with interest based on EURIBOR (or RFR as applicable) plus the Applicable Margin and related borrowing, prepayment and notice procedures. The addendum permits Pounds Sterling, Euro and other agreed currencies and sets a cap shared with the CIF LUX local currency addendum.
- aggregate_local_currency_cap_across_addenda: n/a → 100000000 §Section 2.02(a)
- interest_pricing_method: n/a → EURIBOR plus Applicable Margin for non‑RFR; RFR per Credit Agreement for RFR Advances §Schedule II, Item 4 (Interest Rates)
- prepayment_notice_minimum: n/a → 3 Business Days by 10:00 a.m. London time §Schedule II, Item 5 (Prepayment Notices)
Filing ↗

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