01—Abstract
Summary
Summary of the 8-K filed February 8, 2010. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from Procter & Gamble (PG) on February 8, 2010, primarily announces the closing of a public offering of $1.25 billiona in 1.375% Notes due 2012.
This action was conducted under the company's existing Registration Statement on Form S-3. The filing also includes related legal opinions and consents as exhibits, confirming the validity and legal standing of the debt issuance.
02—Key points
Key Highlights
- Procter & Gamble successfully closed an underwritten public offering of $1.25 billion in aggregate principal amount of notes.
- The notes issued carry a fixed interest rate of 1.375% and mature in 2012.
- The offering was conducted under the company's Form S-3 Registration Statement, indicating that the company had previously registered these securities with the SEC.
- The filing does not disclose the specific use of proceeds from this debt issuance.
- The report includes legal opinions from both internal counsel (Jason P. Muncy) and external counsel (Fried, Frank, Harris, Shriver & Jacobson LLP) as exhibits.
- The company also filed consents from its legal counsel, reinforcing the regulatory compliance of the offering.
03—Questions
Frequently Asked Questions
What was the main event reported in this 8-K filing?
The main event was the closing of a public offering by Procter & Gamble to issue $1.25 billion in 1.375% Notes due 2012.
How much money did Procter & Gamble raise with this offering?
Procter & Gamble raised $1.25 billion through the sale of these notes.
What is the interest rate and maturity date of the notes?
The notes have a fixed interest rate of 1.375% and mature in 2012.
Where can I find more details about the legal aspects of this offering?
The filing includes Exhibits (5)(a) and (5)(c), which contain the legal opinions from the company's Senior Counsel and Fried, Frank, Harris, Shriver & Jacobson LLP, respectively. Exhibit (23)(a) contains the consent of the company's Senior Counsel.
04—Continue