Caterpillar seeks $3 billion loan from banks to boost liquidity: Bloomberg

(Reuters) – Caterpillar Inc is in talks with banks to raise a new $3 billion nine-month revolving credit facility, Bloomberg reported on Thursday, citing people familiar with the matter.

The world’s biggest construction and mining equipment maker raised $2 billion through the bond market on Monday. It currently has about $10.5 billion in revolving credit facilities.

(Reporting by Rachit Vats in Bengaluru; Editing by Aditya Soni)