Financing ·
Parker-Hannifin Corporation completed a registered offering of $2.4 billion in U.S. senior notes and €2.025 billion in…
PHParker-Hannifin Corp
Parker-Hannifin Corporation completed a registered offering of $2.4 billion in U.S. senior notes and €2.025 billion in Euro senior notes on September 14, 2026. The U.S. Notes include tranches due 2028 ($525 million), 2029 ($500 million), 2031 ($750 million), and 2033 ($625 million) with interest rates ranging from 4.750% to 5.300%. The Euro Notes include tranches due 2030 (€700 million), 2032 (€800 million), and 2036 (€525 million) with interest rates of 3.800%, 4.040%, and 4.375% respectively. The company intends to use the net proceeds, combined with cash on hand, to repay borrowings under a 364-Day Term Loan Agreement incurred for the acquisition of Filtration Group Corporation. Parker-Hannifin Corp operates in the industrial automation industry, designing and manufacturing motion and control technologies.