Caterpillar Received $8.6B Loan from JPMorgan Chase

December 9, 2010

Caterpillar has received an $8.6 billion loan from JPMorgan Chase & Co.

The world’s biggest construction and mining equipment manufacturer said that the loan amount it received from the bank will be used to remit for its purchase of Bucyrus International Inc.

With the Bucyrus contract, Caterpillar will increase its marks in rising markets where hunting for raw materials for construction and mining purposes are strong.

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