CATERPILLAR FINANCIAL SERVICES CORP 8-K

What Happened
Caterpillar Financial Services Corporation filed an 8-K on February 24, 2026 announcing the issuance of medium-term notes under its previously filed Form S-3 registration. The company issued two Series K tranches due 2029: $350,000,000 of floating-rate notes and $950,000,000 of 3.750% fixed-rate notes.

Key Details

• Total issued: $1,300,000,000 in Medium-Term Notes, Series K due 2029.
• Floating-rate tranche: $350,000,000 (pricing supplement dated Feb 18, 2026).
• Fixed-rate tranche: $950,000,000 at 3.750% (pricing supplement dated Feb 18, 2026).
• Issuance made pursuant to Registration Statement No. 333-270934 and related prospectus (dated March 29, 2023).
• Legal opinion and consent of Sidley Austin LLP were filed as Exhibit 5.1 (and Exhibit 23.1 included therein).

Why It Matters
This filing documents a significant debt financing that affects the company’s outstanding liabilities and interest obligations. The fixed-rate notes lock in a known interest cost (3.750%) through 2029, while the floating-rate notes will vary with market rates—both important for forecasting interest expense and cash flow. For retail investors, this is a financing event (debt, not equity), so it does not dilute shareholders but can influence the company’s leverage, credit metrics, and future interest expense.