Caterpillar Seeks $3 Billion Loan From Banks to Boost Liquidity
- Deal may grow to $5 billion and follows $2 billion bond raise
- Caterpillar recently froze pay and withdrew 2020 outlook
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Caterpillar Inc. is in discussions with banks to raise a new $3 billion 9-month revolving credit facility, according to people familiar with the matter.
The deal could be increased to about $5 billion in total and will help boost the construction equipment company’s liquidity, the people said, asking not to be named discussing a private transaction.