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PROCTER & GAMBLE Co 8-K Report, Corporate Update (Oct 24, 2024)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed October 24, 2024
Period End
October 24, 2024
Security
PG
In the record · 2016–202610-K1210-Q328-K224

PG filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 224 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Apr ’22Apr ’22
  2. Leadership change8-K · Jul ’26Jul ’26

01—Abstract

Summary

Summary of the 8-K filed October 24, 2024. Cited figures are marked; the original filing is the authoritative source.

The Procter & Gamble Company (PG) has announced the successful closing of a significant debt offering, raising a total of $1.0 billiona.

This offering consisted of two tranches: $500 millionb in 4.150% Notes due in 2029 and $500 million in 4.550% Notes due in 2034. This move is part of the company's ongoing capital management strategy and was executed under its existing shelf registration statement on Form S-3. Investors should note that this debt issuance represents a strategic financing activity to support the company's operations and potential future investments.

The fixed coupon rates provide certainty regarding future interest expenses. The company has provided legal opinions and consents as exhibits to this filing, indicating the transaction was completed with appropriate legal and regulatory oversight. This filing primarily serves to inform stakeholders about the completion of this financing event.

02—Key points

Key Highlights

  1. Procter & Gamble Co. successfully closed a public offering of debt securities.
  2. The total aggregate principal amount raised is $1.0 billion.
  3. The offering comprises $500 million of 4.150% Notes due October 24, 2029.
  4. The offering also includes $500 million of 4.550% Notes due October 24, 2034.
  5. The debt issuance was conducted under the Company’s existing Registration Statement on Form S-3.
  6. Legal opinions and consents related to the notes are included as exhibits.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this 8-K filing?

    This 8-K filing is to formally announce and report on the closing of Procter & Gamble's public offering of $1.0 billion in aggregate principal amount of senior notes.

  2. How much money did Procter & Gamble raise through this offering?

    Procter & Gamble raised a total of $1.0 billion through this debt offering.

  3. What are the terms of the notes issued?

    The offering consists of $500 million in 4.150% Notes due October 24, 2029, and $500 million in 4.550% Notes due October 24, 2034.

  4. Does this offering affect the company's equity?

    No, this is a debt offering, meaning the company is borrowing money by issuing notes. It does not involve the sale of equity or dilute existing shareholders' ownership.

04—Continue

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