Parker Hannifin 8-K

Summary

Senior note offerings to refinance acquisition-related borrowing. Parker-Hannifin priced $2.4B of U.S. notes and €2.025B of euro notes, with proceeds plus cash on hand intended to repay its 364-day term loan used for the Filtration Group acquisition.

Key Figures

• U.S. notes: $2.4B total principal—$525M due 2028 at 4.750%, $500M due 2029 at 4.875%, $750M due 2031 at 5.125%, and $625M due 2033 at 5.300%.
• Euro notes: €2.025B total principal—€700M due 2030 at 3.800%, €800M due 2032 at 4.040%, and €525M due 2036 at 4.375%.
• Both offerings are expected to close on or about 9/14/2026, subject to customary closing conditions. U.S. note interest is payable semi-annually; euro note interest is payable annually.

Investor Takeaways

• Watch for closing of both offerings and repayment of the acquisition-related term loan.