PROCTER & GAMBLE Co (PG) Form 424B5 — Oct 28, 2026
Procter & Gamble priced $352.2 million of Floating Rate Notes due 2076, bearing interest at Compounded SOFR less 0.45% per year and settling November 2, 2026 at 100.000% of par. Net proceeds before expenses are approximately $348.7 million for general corporate purposes, with J.P. Morgan, Morgan Stanley, RBC Capital Markets, and UBS Investment Bank as joint book-running managers. The notes carry unusual optionality: P&G can redeem beginning November 2, 2056, holders can require repurchase annually from November 2, 2027 through 2037 (and every third year thereafter), and P&G can shorten maturity on a tax event.
Key figures
- Debt Amount
- 352231000
- Interest Rate
- Compounded SOFR less 0.45% per year (floating)
- Maturity Date
- November 2, 2076
- Gross Proceeds
- 348708690
- Offering Price
- 100.000% of principal
- Holder put
- Holders may require repurchase beginning November 2, 2027, each November 2 through 2037, then every third year
- Settlement
- T+3, on or about November 2, 2026 via DTC
- Issuer call
- P&G may redeem all or part beginning November 2, 2056
- Long term debt
- $21,897 million
- Total capitalization
- $94,262 million
- Undrawn credit lines
- $8.0 billion
- Underwriting discount
- $3,522,310 (1.000%)
- Interest payment dates
- Quarterly: February 2, May 2, August 2, November 2; first payment February 2, 2027
- Other planned issuances
- $4.0 billion notes expected October 30, 2026; €3.25 billion notes expected November 3, 2026
- Total debt sept 30 2026
- $38,925 million (excluding notes offered hereby)
- Debt due within one year
- $17,028 million
- Total shareholders equity
- $55,337 million
- Estimated offering expenses
- $85,000
- Public offering price total
- $352,231,000
- Diluted weighted avg shares millions
- [null,null]
AI analysis
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