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Caterpillar Completes $1.5 Billion Registered Senior Notes Offering

09.24.19

Simpson Thacher recently represented Caterpillar Inc. in connection with its registered offering of $1.5 billion aggregate principal amount of Senior Notes in two tranches due 2029 and 2049, with net proceeds of the offering used to fund discretionary U.S. pension plan contributions.

Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

The Simpson Thacher team included Marisa Stavenas and Christine Turner (Capital Markets); Karen Hsu Kelley (Public Company Advisory Practice); Jonathan Cantor and Jasmine Hay (Tax); and Jamin Koslowe (Executive Compensation and Employee Benefits).