Parker Hannifin closes USD 2.4 billion, EUR 2.03 billion senior notes offerings
PH•Senior notes offerings completed
Parker completed registered senior notes offerings totaling USD 2.4 billion and EUR 2.025 billion on Sept. 14, 2026.
Net proceeds, together with cash on hand, are earmarked to repay borrowings under a 364-day term loan tied to the Filtration Group acquisition.
The U.S. issuance was split across four maturities from 2028 to 2033, with coupons ranging from 4.75% to 5.3%.
The euro issuance was split across three maturities from 2030 to 2036, with coupons ranging from 3.8% to 4.375%.
The notes are senior unsecured, and a change of control triggers a 101% offer to purchase.
