Caterpillar Inc. sold $4.5 billion of bonds in its biggest corporate debt sale on record to help fund its $8.6-billion acquisition of Bucyrus International Inc.
The balance of the acquisition will be paid for with $800 million in commercial paper and $3.3 billion of cash on hand, Moody's Investors Service said in a note, assigning A2 ratings to the debt.
For more on Caterpillar's bond sale to finance Bucyrus acquisition.
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