Parker Hannifin 8-K

Summary

Senior-note issuance completed on 9/14/2026. Parker-Hannifin issued $2.4B and €2.025B in principal to fund repayment, together with cash on hand, of borrowings under the 364-day term loan used to acquire Filtration Group.

Key Figures

• U.S. senior unsecured notes, principal amount: $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%. Interest is paid semiannually.
• Euro senior unsecured notes, principal amount: €700M due 2030 at 3.800%; €800M due 2032 at 4.040%; and €525M due 2036 at 4.375%. Interest is paid annually.
• The notes rank equally with Parker-Hannifin’s other senior unsecured debt and ahead of subordinated debt, but are effectively subordinated to secured debt to the extent of its collateral. Certain changes of control require an offer to repurchase at 101% of principal plus accrued and unpaid interest.

Investor Takeaways

• Watch for repayment of the Filtration Group acquisition term-loan borrowings using the offering proceeds and cash on hand.