CATERPILLAR INC

$1.2bn committed across 2 active facilities, next covenant test Sep 30, 2026. CAT

Construction Machinery & Equip

Recent changes

  1. Sep 1, 2026CATERPILLAR INC signs $200m CREDIT AGREEMENT (2026 364-Day Facility), matures Aug 2027SEC ↗
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 annualHeadroom not yet measured10.00
Maintain a Leverage Ratio of not greater than 10.0 to 1 on each December 31, commencing December 31, 2026.
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
$200m
Matures
Aug 2027
Agent
Citibank, N.A.
TrancheSizeMaturesMargin
CIF LUX Local Currency$100mAug 2027n/a
CIF Local Currency Addendum (364-Day Facility)$100mn/an/a

Priced over Other (Revolving credit facility).

LevelConditionMarginUnused fee
Level Level 1all timesn/an/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, The Hong Kong and Shanghai Banking Corporation Limited, ING Bank N.V., Dublin Branch, Lloyds Bank plc

FIFTH AMENDED AND RESTATED CREDIT AGREEMENTunconfirmed

Signed Aug 27, 2026

Committed
$1bn
Matures
Aug 2029
Agent
Citibank, N.A.
TrancheSizeMaturesMargin
Revolving credit facilityn/aAug 2029n/a
Local Currency Subfacilities$1bnAug 2029n/a

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

LevelConditionMarginUnused fee
Level Level IIf the Credit Rating for the applicable Borrower is at least AA- by Standard & Poor’s or at least Aa3 by Moody’sn/an/a
Level Level IIIf the Credit Rating for the applicable Borrower is at least A+ by Standard & Poor’s or at least A1 by Moody’sn/an/a
Level Level IIIIf the Credit Rating for the applicable Borrower is at least A by Standard & Poor’s or at least A2 by Moody’sn/an/a
Level Level IVIf the Credit Rating for the applicable Borrower is lower than Level III by Standard & Poor’s and Moody’sn/an/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 · superseded

Committed
n/a
Matures
Aug 2031
Agent
Citibank, N.A.
TrancheSizeMaturesMargin
Revolving Credit Facilityn/aAug 2031n/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

  1. Aug 27, 2026

    Amendmentunconfirmed

    Establishes a Japan Local Currency Addendum under the 2026 364-Day Credit Agreement, creating a Japan yen-denominated subfacility for CFKK with a total commitment of US $100,000,000 from MUFG. Sets interest mechanics for such advances to TONAR or Japan Base Rate plus the Applicable Margin and provides related procedures and notices.
    • total_japan_local_currency_commitment: n/a → 100000000 §Schedule I; Section 2.02(a)
    Filing ↗

  2. Aug 27, 2026

    Amendmentunconfirmed

    Adds a CIF Local Currency subfacility under the 2026 364‑Day Credit Agreement with an aggregate cap of $100,000,000 shared with the CIF LUX Local Currency Addendum. Local Currency Advances may be in GBP, EUR or other agreed currencies and bear interest at EURIBOR (or applicable RFR) plus the Applicable Margin, with procedures and notice terms as set in the addendum.
    • local_currency_subfacility_cap: n/a → 100000000 §Section 2.02(a)
    Filing ↗

  3. Aug 27, 2026

    Amendmentunconfirmed

    Establishes a CIF LUX Local Currency subfacility under the 2026 364-Day Credit Agreement with a total commitment of $100,000,000, sharing an aggregate cap of $100,000,000 with the CIF Local Currency Addendum. Interest for Local Currency Advances is set to EURIBOR plus the Applicable Margin (or RFR-based per the Credit Agreement), and a Same Day CIF LUX Local Currency Sub-Facility of $100,000,000 is provided.
    • total_cif_lux_local_currency_commitment: n/a → 100000000 §Schedule I
    • aggregate_local_currency_cap_shared_with_CIF_Local_Currency_Addendum: n/a → 100000000 §Section 2.02(a)
    • same_day_cif_lux_local_currency_subfacility: n/a → 100000000 §Schedule I
    Filing ↗
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