Parker-Hannifin Corporation announced the completion of registered public offerings for $2.4 billion of U.S. Dollar denominated senior notes and €2.025 billion of Euro denominated senior notes. The company plans to use the net proceeds from these offerings to repay borrowings under a term loan agreement that was used to finance the acquisition of Filtration Group Corporation.
Key Details
- Offering Details: The offerings consist of a $2.4 billion U.S. Notes Offering across four tranches and a €2.025 billion Euro Notes Offering across three tranches.
- Use of Proceeds: Net proceeds will repay borrowings under the 364-Day Term Loan Agreement dated December 10, 2025, which was incurred for the acquisition of Filtration Group Corporation.
- U.S. Note Tranches:
- $525 million of 4.750% senior notes due 2028
- $500 million of 4.875% senior notes due 2029
- $750 million of 5.125% senior notes due 2031
- $625 million of 5.300% senior notes due 2033
- Euro Note Tranches:
- €700 million of 3.800% senior notes due 2030
- €800 million of 4.040% senior notes due 2032
- €525 million of 4.375% senior notes due 2036