Cummins Inc. Executes Three-Year Revolving Credit Agreement

    COLUMBUS, Ind.--Nov. 5, 2002--Cummins Inc. announced today that it has executed a new three-year revolving credit agreement with a group of banks led by J.P. Morgan and Citigroup. The secured agreement provides for borrowings of up to $385 million and replaces the existing revolving credit agreement, which matures in January 2003.
    A global power leader, Cummins Inc. is a corporation of complementary business units that design, manufacture, distribute and service electrical power generation systems, engines and related technologies, including fuel systems, controls, air handling, filtration and emissions solutions. Headquartered in Columbus, Indiana (USA), Cummins serves its customers through more than 500 company-owned and independent distributor locations in 131 countries and territories. With 24,900 employees worldwide, Cummins reported sales of $5.7 billion in 2001. Press releases by fax may be requested by calling News on Demand (toll-free) at 888-329-2305. Cummins home page can be found at www.cummins.com.