Cummins (CMI) has released an update.
Cummins Inc. has entered into a significant underwriting agreement with a group of major financial institutions to sell $2.25 billion in Senior Notes with varying maturity dates and interest rates in a public offering. The transaction, which showcases the company’s ability to raise capital and the strong interest from underwriters, is slated for completion by February 20, 2024. This move by Cummins signals confidence from investors and a robust financial strategy, potentially attracting attention in the stock market and investment communities.
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