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PROCTER & GAMBLE Co 8-K Report, Corporate Update (May 19, 2010)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed May 19, 2010
Period End
May 19, 2010
Security
PG
In the record · 2016–202610-K1210-Q328-K225

PG filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 225 current reports (8-K) between 2016 and 2026.

  1. FY2019 annual report10-K · Aug ’19Aug ’19
  2. Leadership change8-K · Jan ’22Jan ’22
  3. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed May 19, 2010. Cited figures are marked; the original filing is the authoritative source.

The Procter & Gamble Company (PG) filed an 8-K on May 19, 2010, to report the closing of an underwritten public offering of ¥100,000,000,000 (approximately $1.1 billiona USD based on historical exchange rates) of 0.95% Notes due 2015.

This offering was conducted under the company's existing Registration Statement on Form S-3. The filing also includes associated legal opinions and consents related to the issuance of these notes. For investors, this event signifies that P&G successfully raised a substantial amount of capital through debt issuance.

The low interest rate of 0.95%b on these notes suggests favorable borrowing conditions for the company and potentially a strong credit rating at the time. This debt issuance could be for general corporate purposes, refinancing existing debt, or funding strategic initiatives, though the specific use of proceeds is not detailed in this particular filing.

02—Key points

Key Highlights

  1. Procter & Gamble (PG) closed a public offering of ¥100 billion (approximately $1.1 billion USD) in notes on May 18, 2010.
  2. The notes carry a coupon rate of 0.95% and mature in 2015.
  3. The offering was conducted under the company's previously filed Registration Statement on Form S-3.
  4. The filing includes legal opinions from Senior Counsel of the Company and external legal counsel (Fried, Frank, Harris, Shriver & Jacobson LLP).
  5. A consent from the company's Senior Counsel is also filed as an exhibit.
  6. This event indicates P&G's access to capital markets and its ability to secure debt financing at a low interest rate.

03—Questions

Frequently Asked Questions

  1. What was the total amount of the debt offering?

    The offering was for an aggregate principal amount of ¥100,000,000,000, which is approximately $1.1 billion USD based on historical exchange rates at the time of the filing.

  2. What is the interest rate on these new notes?

    The notes carry a fixed interest rate of 0.95% per annum.

  3. When do these notes mature?

    The notes are due in 2015.

  4. What is the purpose of this debt issuance?

    The 8-K filing does not explicitly state the purpose of the debt issuance. However, such capital raises are typically used for general corporate purposes, refinancing existing debt, acquisitions, or other strategic investments.

04—Continue

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