Caterpillar plans to boost debt
Caterpillar Financial Services Corp. plans to sell $250 million of 3-year senior notes as soon as today, according to a person familiar with the offering.
Locally, Cat has operations in Montgomery.
The unit of Caterpillar Inc., the world's largest maker of bulldozers and excavators, hired Bank of America Merrill Lynch and JPMorgan Chase & Co. to underwrite the notes, said the person, who declined to be identified because terms aren't set.
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