Parker-Hannifin completes registered offering of $2.4 billion of Senior Notes
Client(s) Parker-Hannifin Corporation
Jones Day represented Parker-Hannifin Corporation, a leading worldwide diversified manufacturer of motion and control technologies and systems, in connection with its SEC-registered offering of $2.4 billion aggregate principal amount of senior notes, including $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 and $625 million of 5.300% senior notes due 2033.
Parker-Hannifin used the net proceeds to repay temporary financing incurred in connection with its acquisition of Filtration Group Corporation from Madison Industries.