Caterpillar Financial Services Corp Issues $1.35B of 2029 Medium-Term Notes

What Happened Caterpillar Financial Services Corp announced on Aug. 14, 2026 (Item 8.01) that it issued two series of medium-term notes under its Form S-3 registration: $300,000,000 of Series L floating-rate notes due 2029 and $1,050,000,000 of Series L 4.650% fixed-rate notes due 2029. The offerings were made pursuant to the company’s Registration Statement (No. 333-294677) and related prospectus and pricing supplements dated March 27, 2026 and Aug. 10–12, 2026.

Key Details

• Total issued: $1,350,000,000 aggregate principal ( $300M floating-rate + $1,050M fixed-rate).
• Fixed-rate notes: 4.650% coupon, maturity in 2029.
• Issuance date: August 14, 2026 (pricing supplements dated Aug. 10 and Aug. 12, 2026).
• Exhibits filed with the 8-K include a legal opinion from Sidley Austin LLP.

Why It Matters This filing documents a material debt financing that increases Caterpillar Financial’s outstanding borrowings and affects the company’s interest expense profile: $1.05B carries a fixed 4.65% coupon, while the $300M floating tranche exposes interest cost to market rates. Investors should note the added near-term debt maturing in 2029 and review the company’s overall funding and maturity schedule when assessing credit and liquidity position.