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Caterpillar Financial Services Corporation (NYSE:CAT) announced Monday the issuance of $300 million aggregate principal amount of its Medium-Term Notes, Series K, Floating Rate Notes due 2027. The notes were issued under the company’s existing shelf registration statement on Form S-3 and related prospectus documents filed previously with the Securities and Exchange Commission.
According to the press release statement included in the SEC filing, the issuance took place Monday. The notes are part of Caterpillar Financial Services’ ongoing financing activities and are listed as Medium-Term Notes, Series K. The company’s legal counsel, Sidley Austin LLP, provided an opinion regarding the legality of the notes, which was filed as an exhibit to the report.
Caterpillar Financial Services Corporation, based in Nashville, Tennessee, is a subsidiary of Caterpillar Inc. The company is incorporated in Delaware. The newly issued notes are not described in detail in terms of interest calculation or specific use of proceeds in the filing.
The filing also lists the company’s previously registered Medium-Term Notes, Series K, 4.850% Notes due 2029, traded under the symbol CAT/29 on the New York Stock Exchange.
This information is based on a press release statement filed with the Securities and Exchange Commission on Monday.
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