Parker-Hannifin Completes €700M Senior Notes Offering

Details

The notes were issued under an indenture dated September 5, 2023, and will bear interest at a rate of 2.900% per annum, with interest payments starting on March 1, 2026. The company intends to use the net proceeds, together with cash on hand, to repay its 1.125% Senior Notes due 2025 at maturity.

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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.