Recent Updates — PH
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.
Parker-Hannifin Corporation priced a combined debt offering of $2.4 billion in U.S. Dollar-denominated senior notes and €2.025 billion in Euro-denominated senior notes on September 8-9, 2026. The U.S. Notes include $525 million due 2028 at 4.75%, $500 million due 2029 at 4.875%, $750 million due 2031 at 5.125%, and $625 million due 2033 at 5.3%. The Euro Notes include €700 million due 2030 at 3.8%, €800 million due 2032 at 4.04%, and €525 million due 2036 at 4.375%. Net proceeds will repay borrowings under a 364-Day Term Loan Agreement incurred for the acquisition of Filtration Group Corporation, with closings expected around September 14, 2026. Parker-Hannifin Corp is a global leader in motion and control technologies that provide engineered systems and solutions for a wide variety of end markets.
Parker-Hannifin Corp entered into a new revolving credit agreement on September 4, 2026, increasing its total available line of credit to $5.0 billion and authorizing a corresponding increase in its commercial paper program to the same amount. The company also announced a Three-Year Delayed Draw Term Loan Agreement with U.S. Bank National Association providing up to $2.0 billion in financing for the pending acquisition of CIRCOR International, Inc.’s Commercial and Defense Aerospace business for approximately $2.55 billion. This transaction remains subject to customary closing conditions. Parker-Hannifin Corp operates in the industrial manufacturing sector, designing and manufacturing motion and control technologies and systems.
Parker-Hannifin Corporation completed its acquisition of Filtration Group Corporation on August 13, 2026. The merger was executed on a cash-free, debt-free basis for a purchase price of $9.25 billion, subject to net working capital adjustments. To finance the transaction and related expenses, Parker-Hannifin borrowed $5.25 billion under its 364-Day Credit Facility with Barclays Bank PLC and $2.50 billion under its Three-Year Term Loan Agreement with KeyBank National Association. This industrial manufacturing company designs and manufactures motion and control technologies and systems.
Parker-Hannifin Corporation reported record fiscal 2026 fourth-quarter sales of $5.8 billion and full-year sales of $21.5 billion, with adjusted EPS reaching a record $9.27 for the quarter and $32.31 for the year. The company increased its annual dividend by 11%, marking 70 consecutive years of increases, and returned nearly $2 billion to shareholders through buybacks and dividends. Management issued fiscal 2027 guidance projecting sales growth of 5.5% to 8.5% and adjusted EPS of $34.25 to $35.25, while raising its long-term adjusted segment operating margin target to 30% by fiscal 2031. The firm also announced agreements to acquire Filtration Group Corporation and CIRCOR's Commercial and Defense Aerospace Business. Parker-Hannifin is a global leader in motion and control technologies.