PROCTER & GAMBLE Co (PG) Form 424B5 — Oct 28, 2026
Procter & Gamble priced a $4.0 billion four-tranche senior notes offering, filing the final prospectus supplement on October 28, 2026. The tranches comprise $750 million of 5.125% notes due 2031, $750 million of 5.300% notes due 2033, $1.25 billion of 5.450% notes due 2036, and $1.25 billion of 5.900% notes due 2056. Net proceeds to P&G before expenses are approximately $3.97 billion, with a combined underwriting discount of $22.2 million. Citigroup, Deutsche Bank Securities, Goldman Sachs, HSBC, and Morgan Stanley are joint book-running managers, with BofA, Barclays, and BBVA as co-managers.
Key figures
- Total Debt
- $38,925 million (as of Sept 30, 2026, before this offering)
- Debt Amount
- $4,000,000,000 aggregate principal across four tranches
- Interest Rate
- 5.125% (2031), 5.300% (2033), 5.450% (2036), 5.900% (2056)
- Maturity Date
- October 30, 2031 / October 30, 2033 / October 30, 2036 / October 30, 2056
- Gross Proceeds
- 3993167500
- Shares Outstanding
- 2317783143
- Long term debt
- $21,897 million
- Net proceeds to company
- 3970980000
- Debt due within one year
- $17,028 million
- Total shareholders equity
- $55,337 million
- Undrawn bank credit lines
- $8.0 billion
- First interest payment date
- April 30, 2027
- Underwriting discount total
- 22187500
AI analysis
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