filed a registration statement with the
Securities and Exchange Commission
to periodically sell up to $600 million in debt securities.
The maker of earth moving, construction and materials handling machinery said the net proceeds from the sale would be used for general corporate purposes, including possible acquisitions, stock buybacks and capital expenditures.
Shares of Caterpillar, which is based in Peoria, Ill., gained 40 cents, or 1%, to $41.77 in
New York Stock Exchange