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Stock impact report

Caterpillar Looking For New $3 Billion Bank Loan [Yahoo! Finance News]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Caterpillar Inc CATAccording to people familiar with the matter, the deal could be increased to about $5 billion in total and will help boost CAT’s liquidity.Both Citibank, which is leading the deal, and Caterpillar declined to comment, says.The world’s biggest construction equipment company currently has approximately $10.5 billion in revolving credit facilities, following a $2 billion deal in the bond market earlier this week.CAT has also withdrawn its 2020 earnings forecast and suspended some operations, as well as withholding annual salary increases- including for CEO Jim Umpleby.“We have faced and overcome many challenges during our 95-year history. Working together, I am confident we will emerge even stronger after the impact of the pandemic subsides,” Umpleby told employees last week.However the company did confirm that it will pay out its regular $1.03 dividend this quarter on May 20, which translates to a 3.3% dividend yield.Analysts are cautiously optimistic on CAT’s outloo Show less Read more
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