Caterpillar seeks $3 billion loan from banks to boost liquidity: Bloomberg

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Caterpillar seeks $3 billion loan from banks to boost liquidity: Bloomberg
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Caterpillar Inc is in talks with banks to raise a new $3 billion nine-month revolving credit facility, Bloomberg reported on Thursday, citing people familiar with the matter.

FILE PHOTO: Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. REUTERS/Mike Blake

- Caterpillar Inc is in talks with banks to raise a new $3 billion nine-month revolving credit facility, Bloomberg reported on Thursday, citing people familiar with the matter. The world’s biggest construction and mining equipment maker raised $2 billion through the bond market on Monday. It currently has about $10.5 billion in revolving credit facilities.

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