Parker-Hannifin prices $3.6B senior notes offering to finance Meggitt acquisition

Parker-Hannifin Corp

$1.4B 2024 notes at 3.650%, $1.2B 2027 notes at 4.250%, $1.0B 2029 notes at 4.500%.
Net proceeds, with borrowings and cash, to fund proposed acquisition of Meggitt plc.
Special mandatory redemption at 101% if Meggitt acquisition not closed by April 3, 2023 or terminated.
Offering expected to close on or about June 15, 2022; notes registered under S-3.

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