Parker Hannifin Corporation
Parker-Hannifin Announces €700M Senior Notes Offering
Summary
On February 6, 2025, Parker-Hannifin Corporation announced the pricing of €700 million in senior notes due 2030, which will be used to repay its 2025 senior notes. The notes will bear interest at a rate of 2.900% per annum and are expected to close on February 20, 2025, subject to customary closing conditions.
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About Parker Hannifin Corporation
Parker Hannifin Corporation is a leading manufacturer in the motion and control technology sector, playing a pivotal role in the development and production of components and systems that enable precise fluid and pneumatic controls. The company operates through various segments, including aerospace, automation, and filtration, making significant contributions to industries as diverse as manufacturing, transportation, and healthcare. Known for its innovation, Parker Hannifin develops products such as hydraulic systems, electromechanical systems, and pneumatic solutions, all aimed at enhancing operational efficiency and sustainability. Headquartered in Mayfield Heights, Ohio, the corporation's extensive global reach, with operations in over 50 countries, underscores its vital role in serving critical infrastructure and facilitating industrial automation worldwide. Its vast product portfolio and commitment to technological advancement position Parker Hannifin as an essential player in supporting industrial processes and meeting the needs of various sectors focused on efficiency and reliability.
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