Caterpillar Inc. Announces Expiration of Exchange Offer (2005-9-9)

Caterpillar Inc. announced today the expiration of its offer to exchange new 5.30 percent debentures due September 15, 2035 (CUSIP No. 149123 BL4) for its 9.375 percent debentures due March 15, 2021, and its 8.00 percent debentures due February 15, 2023. The exchange offer expired at 5 p.m., New York City time, on September 8, 2005.

As of the expiration date, $115,523,000.00 of the debentures due 2021 and $117,846,000.00 of the debentures due 2023 have been validly tendered and not withdrawn, and Caterpillar Inc. will accept all such debentures validly tendered and not withdrawn. Upon settlement of the exchange offer, Caterpillar Inc. will issue approximately $307,000,000 new 5.30 percent debentures due 2035. The settlement date is expected to be September 13, 2005.
(Source:CAT-news)