Parker-Hannifin Announces U.S. Dollar and Euro-Denominated Note Offerings

Details

Dollar-Denominated Note Offering totaling $2.4 billion and a Euro-Denominated Note Offering totaling €2.025 billion. The company intends to use the net proceeds from these offerings, along with cash on hand, to repay borrowings incurred in connection with the acquisition of Filtration Group Corporation. The U.S. Dollar notes are due in 2028, 2029, 2031, and 2033, while the Euro notes are due in 2030, 2032, and 2036. The offerings have been registered under the Securities Act of 1933 and are 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.