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✓ VerifiedParker-Hannifin closed $2.4 billion of U.S. senior notes and €2.025 billion of Euro senior notes on September 14, 2026, to repay term-loan borrowings from its Filtration Group Corporation acquisition.
Filed Sep 14, 2026 · 12:05 ET
Summary
- On September 14, 2026, Parker-Hannifin completed a $2.4 billion U.S. senior notes offering and a €2.025 billion Euro senior notes offering.
- The U.S. Notes span four tranches: $525 million due 2028 at 4.750%, $500 million due 2029 at 4.875%, $750 million due 2031 at 5.125%, and $625 million due 2033 at 5.300%.
- The Euro Notes span three tranches: €700 million due 2030 at 3.800%, €800 million due 2032 at 4.040%, and €525 million due 2036 at 4.375%.
- The Company intends to use net proceeds, together with cash on hand, to repay borrowings under the 364-Day Term Loan Agreement dated December 10, 2025, incurred in connection with the acquisition of Filtration Group Corporation.
- The Notes are senior unsecured obligations, and upon certain changes of control the Company must offer to purchase them at 101% of principal amount plus accrued interest.
- The Euro Notes are redeemable in whole at 100% of principal amount if certain changes affecting U.S. taxation obligate the Company to pay additional amounts.
Key facts
- U.S. Notes total
- $2.4 billion
From the filing for U.S. Notes total
“its previously announced registered offering of $2.4 billion in aggregate principal amount of senior notes”
- Euro Notes total
- €2.025 billion
From the filing for Euro Notes total
“its previously announced registered offering of €2.025 billion in aggregate principal amount of senior notes”
- 2028 U.S. Notes
- $525 million at 4.750%
From the filing for 2028 U.S. Notes
“The 2028 U.S. Notes will bear interest at a rate of 4.750% per annum”
- 2033 U.S. Notes
- $625 million at 5.300%
From the filing for 2033 U.S. Notes
“$625 million aggregate principal amount of senior notes due 2033”
- 2036 Euro Notes
- €525 million at 4.375%
From the filing for 2036 Euro Notes
“€525 million aggregate principal amount of senior notes due 2036”
- Use of proceeds
- Repay 364-Day Term Loan for Filtration Group acquisition
From the filing for Use of proceeds
“to repay the borrowings under the 364-Day Term Loan Agreement, dated December 10, 2025, among the Company, Barclays Bank PLC and various financial institutions named therein as lenders, incurred in connection with the acquisition of Filtration Group Corporation”
- Change of control
- 101% of principal amount
From the filing for Change of control
“it will be required to offer to purchase the Notes at 101% of their principal amount, plus accrued and unpaid interest”
- Trustee
- The Bank of New York Mellon Trust Company, N.A.
From the filing for Trustee
“between the Company and The Bank of New York Mellon Trust Company, N.A. (the "Trustee")”
Why it mattersThe debt financing refinances the term loan used to fund Parker-Hannifin's Filtration Group acquisition, converting bridge borrowings into longer-dated fixed-rate notes maturing between 2028 and 2036.
- Filed
- Sep 14, 2026
- Accepted
- 2026-09-14 16:05Z
- Period
- Sep 14, 2026
- Accession no.
- 0001193125-26-390561
- Size
- 1.1 MB
- Index
- Filing index