424B2
Prospectus supplement
✓ VerifiedParker-Hannifin is offering four tranches of senior notes due 2028, 2029, 2031 and 2033 to repay borrowings under its $5.25 billion 364-Day Credit Agreement used to fund the $9.25 billion Filtration Group acquisition.
Filed Sep 8, 2026 · 08:54 ET
Summary
- Parker-Hannifin is offering senior notes due 2028, 2029, 2031 and 2033, with pricing terms still blank in this preliminary prospectus supplement dated September 8, 2026.
- Net proceeds, together with net proceeds from a concurrent euro-denominated notes offering and cash on hand, will repay borrowings under the 364-Day Credit Agreement incurred for the Filtration Group Corporation (FGC) acquisition.
- Parker completed the FGC Acquisition on August 13, 2026 for a cash purchase price of $9.25 billion, funded with Term Loan borrowings, commercial paper and cash on hand.
- On August 13, 2026 Parker borrowed $5.25 billion under the 364-Day Credit Agreement and $2.50 billion under the Three-Year Credit Agreement to pay the FGC purchase price.
- Parker announced on May 21, 2026 a definitive agreement to acquire CIRCOR International's Commercial and Defense Aerospace business for approximately $2.55 billion in cash, and on September 8, 2026 said it expects a CIRCOR Credit Agreement of up to $2.0 billion.
- As of June 30, 2026 Parker had $8.6 billion of outstanding indebtedness at face value on a consolidated basis, none of which was subsidiary indebtedness.
Key facts
- FGC purchase price
- $9.25 billion
From the filing for FGC purchase price
“The cash purchase price of $9.25 billion (the "Purchase Price") was funded with borrowings”
- FGC Acquisition completed
- August 13, 2026
From the filing for FGC Acquisition completed
“On August 13, 2026, we completed the FGC Acquisition.”
- 364-Day Credit Agreement
- $5.25 billion
From the filing for 364-Day Credit Agreement
“provides for a delayed draw term loan facility in the aggregate principal amount of $5.25 billion”
- Three-Year Credit Agreement
- $2.50 billion
From the filing for Three-Year Credit Agreement
“provides for a delayed draw term loan facility in the aggregate principal amount of $2.50 billion”
- CIRCOR Acquisition
- approximately $2.55 billion in cash
From the filing for CIRCOR Acquisition
“acquire CIRCOR International, Inc.'s Commercial and Defense Aerospace business (the "CIRCOR Acquisition") for approximately $2.55 billion in cash”
- CIRCOR Credit Agreement
- up to $2.0 billion
From the filing for CIRCOR Credit Agreement
“provide for a delayed draw term loan facility in the aggregate principal amount of up to $2.0 billion”
- Consolidated indebtedness
- $8.6 billion
From the filing for Consolidated indebtedness
“As of June 30, 2026, we had $8.6 billion of outstanding indebtedness (at face value) on a consolidated basis”
- FY2026 net sales
- approximately $21.5 billion
From the filing for FY2026 net sales
“Of the Company's approximately $21.5 billion in net sales for fiscal year 2026, Diversified Industrial Segment products accounted for 67% and Aerospace Systems Segment products accounted for 33%.”
Why it mattersThe note offering refinances short-term acquisition debt from Parker's $9.25 billion FGC purchase with longer-dated senior notes. It also discloses financing plans for the pending $2.55 billion CIRCOR aerospace acquisition.
- Filed
- Sep 8, 2026
- Accepted
- 2026-09-08 12:54Z
- Accession no.
- 0001193125-26-384467
- Size
- 740 KB
- Index
- Filing index