Caterpillar Financial Services Corporation's inaugural CHF 375m Swiss franc bond issuance

On May 14, 2025, Caterpillar Financial Services Corporation (Cat Financial) successfully completed its inaugural CHF 375m Swiss franc bond issuance, under standalone Swiss law documentation. Cat Financial is a subsidiary of Caterpillar Inc., the world's leading manufacturer of construction and mining equipment. Cat Financial provides a range of financing solutions – including for machines, engines, parts, and services – to customers of Caterpillar Inc.

Lenz & Staehelin advised Cat Financial on all Swiss law aspects of the transaction. The team was led by Ariel Ben Hattar and included Jeremy Bacharach (both Capital Markets).