Parker-Hannifin Corporation announced on September 14, 2026, that it has successfully completed a registered public offering of senior notes. The total offering size consists of $2.4 billion in aggregate principal amount of U.S. Notes and €2.025 billion in aggregate principal amount of Euro Notes.
The U.S. Notes offering included four separate tranches with varying maturity dates and interest rates:
- $525 million of 4.750% Senior Notes due 2028
- $500 million of 4.875% Senior Notes due 2029
- $750 million of 5.125% Senior Notes due 2031
- $625 million of 5.300% Senior Notes due 2033
The Euro Notes offering included three tranches:
- €700 million of 3.800% Senior Notes due 2030
- €800 million of 4.040% Senior Notes due 2032
- €525 million of 4.375% Senior Notes due 2036
According to the filing, the company intends to use the net proceeds from these offerings, combined with existing cash on hand, to repay borrowings under a 364-Day Term Loan Agreement. This loan was incurred in connection with the acquisition of Filtration Group Corporation.
The notes were issued pursuant to an Indenture dated September 5, 2023, with The Bank of New York Mellon Trust Company, N.A., acting as trustee. The notes are senior unsecured obligations of Parker-Hannifin and are subject to customary events of default. Additionally, the notes contain provisions requiring the company to offer to purchase the notes at 101% of their principal amount plus accrued interest in the event of certain changes of control.
