Cummins Signs $2 Billion Credit Agreements with JPMorgan

Cummins Inc. (NYSE:CMI) is among the 13 Best Hydrogen and Fuel Cell Stocks to Buy According to Analysts. It announced on June 2 that it has obtained two revolving credit arrangements worth a combined $4 billion.

The first is a five-year, $2 billion facility that matures on June 2, 2030, amending a previous arrangement dated 2024. The second is a brand-new $2 billion credit line that will mature on June 2, 2028, and will replace a 364-day facility that just ended. JPMorgan Chase Bank served as the administrative agent for both agreements.

Cummins Inc. (NYSE:CMI)’s financial flexibility is improved by these loan facilities as it handles its capital requirements and possible expansion plans. Both agreements offer more liquidity options by permitting additional term loans or expanded access of up to $1 billion.

 A move toward longer-term, more reliable funding can be seen by the replacement of the short-term facility and the amended five-year deal. Cummins Inc. (NYSE:CMI) secures access to significant resources in the face of changing operational needs and strengthens its solid banking ties with JPMorgan’s assistance.

Cummins Inc. (NYSE:CMI) is a U.S.-based firm that designs, manufactures, and services diesel and natural gas engines, electric and hybrid powertrains, and related components.

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