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Caterpillar Financial Services issues 3 tranches of notes

Caterpillar Financial Services Corp. on Jan. 13 issued three tranches of medium-term series I notes.

The company issued $750 million of floating-rate notes due 2021, $750 million of 1.950% notes due 2022, and $500 million of 2.150% notes due 2024. The offering of notes due 2024 will constitute a further issuance of, and will be consolidated with, the $500 million of notes due 2024 that the company issued Nov. 8, 2019. Upon completion of the offering of notes due 2024, the outstanding principal of medium-term, series I, 2.150% notes due 2024 will be $1 billion.