Cummins Inc. announced it has entered into two new revolving credit agreements totaling $4 billion. The first is a five-year credit agreement for up to $2 billion, which matures on June 2, 2030, and amends a previous pact.
The second agreement is a three-year credit facility also for up to $2 billion, maturing on June 2, 2028, and replaces a 364-day credit agreement that expired on the same day. These agreements were secured with JPMorgan Chase Bank acting as the administrative agent.
These credit pacts provide Cummins with significant financial flexibility, allowing the company to manage its liquidity, support ongoing operations, and fund strategic investments. The ability to request incremental term loans or increase maximum availability by up to $1 billion each further enhances its financial capacity.
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