Cummins Enters Credit Pacts Worth $4 Billion

Published: 2025-06-02 17:58:17 ET CMI

Published on 06/02/2025 at 17:58, updated on 06/02/2025 at 17:59

By Kelly Cloonan

Cummins has entered two revolving credit pacts worth a combined $4 billion.

The engine maker said Monday it has entered a five-year credit agreement for up to $2 billion which will mature on June 2, 2030, and amends a previous pact announced last year.

The company also entered a three-year credit agreement worth up to $2 billion which will mature on June 2, 2028, replacing a 364-day credit agreement that expired Monday.

Cummins may request incremental term loans or increase the maximum availability under the agreements by up to $1 billion each, it said.

The company worked with JPMorgan Chase Bank as its administrative agent to secure the pacts, it said.

Write to Kelly Cloonan at [email protected]

(END) Dow Jones Newswires

06-02-25 1757ET