By Cristal Cody
Eureka Springs, Ark., June 8 – Caterpillar Financial Services Corp. sold an additional $100 million add-on to its 1.35% medium-term notes due May 18, 2019 at 99.902 to yield 1.384% on Wednesday following a similar reopening on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The series H notes priced with a spread of 46 basis points over Treasuries.
Caterpillar Financial Services priced a $100 million add-on to the notes on Tuesday at the same price, yield and spread.
The company originally sold $600 million of the notes on May 13 at 99.944 to yield 1.369%, or 48 bps over Treasuries. The total outstanding now is $800 million.
BofA Merrill Lynch was the bookrunner.
The funding arm of heavy equipment maker Caterpillar Inc. is based in Nashville, Tenn.
| Issuer: | Caterpillar Financial Services Corp.
|
| Amount: | $100 million reopening
|
| Maturity: | May 18, 2019
|
| Securities: | Medium-term notes
|
| Bookrunner: | BofA Merrill Lynch
|
| Coupon: | 1.35%
|
| Price: | 99.902
|
| Yield: | 1.384%
|
| Spread: | Treasuries plus 46 bps
|
| Call feature: | Any time at greater of par or Treasuries plus 10 bps
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Distribution: | SEC registered
|
| Total outstanding: | $800 million, including $600 million priced on May 13 at 48 bps over Treasuries and a $100 million reopening of the notes on June 7 at 46 bps over Treasuries
|
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