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United States : Caterpillar Financial Announces Results as of Early Participation Date and Determination of Pricing Terms of Exchange Offers.

Caterpillar Financial Services Corporation, a wholly owned subsidiary of Caterpillar Inc. (the Company), announced today the results, as of 5 p.m. EDT September 20, 2016 (the Early Participation Date), and the determination of the pricing terms of its previously announced private offers to exchange certain of its outstanding medium-term notes (collectively, the Existing Notes) for a combination of a new issue of the Companys Medium-Term Notes, Series H, 1.931% Notes due 2021 (the New Notes) and cash (the Exchange Offers).

Based on information provided by D.F. King & Co., Inc., the exchange agent for the Exchange Offers, the condition that the aggregate principal amount of Existing Notes validly tendered for exchange and not validly withdrawn as of the Early Participation Date exceed the amount required for the issuance of at least $250 million aggregate principal amount of New Notes has been satisfied.

In accordance with the terms and conditions of the Exchange Offers, the Company will accept any and all of the $380,850,000 aggregate principal amount of Medium-Term Notes, Series F, 5.85% Notes due 2017, Medium-Term Notes, Series F, 5.45% Notes due 2018 and Medium-Term Notes, Series F, 7.05% Notes due 2018 that were validly tendered for exchange and not validly withdrawn as of the Early Participation Date. The Company expects todeliver New Notes and cash in exchange for such accepted Existing Notes on September 26, 2016 (the Early Settlement Date), subject to satisfaction or waiver of the conditions to the Exchange Offers and in accordance with the other terms and conditions disclosed in the Company's confidential offering memorandum dated September 7, 2016 (the Confidential Offering Memorandum).

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Publication:Mena Report
Article Type:Financial report
Date:Sep 22, 2016
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