Caterpillar Sells $4.5 Billion of Bonds for Bucyrus Purchase

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.