Procter & Gamble Files Preliminary Prospectus Supplement for Multi-Tranche Euro Notes Offering

Executive Summary

The Procter & Gamble Company (NYSE: PG) filed a preliminary prospectus supplement under Rule 424(b)(5) on October 27, 2026, relating to a proposed offering of multi-tranche Euro-denominated senior notes under its shelf registration statement (Registration No. 333-299472).

Key Offering Details

• Issuer: The Procter & Gamble Company
• Security: Multi-tranche Euro-denominated Notes (Senior unsecured obligations)
• Denominations: €100,000 and integral multiples of €1,000 in excess thereof
• Listing: Application will be made to list the notes on the New York Stock Exchange (NYSE)
• Clearing Systems: Clearstream Banking, S.A. and Euroclear Bank SA/NV
• Joint Book-Running Managers: Citigroup, Deutsche Bank, Goldman Sachs & Co. LLC, HSBC, and Morgan Stanley
• Pricing & Coupon: Subject to completion (pricing terms bracketed in preliminary supplement)

Market Impact & Significance

This filing represents standard corporate debt financing to optimize the company's capital structure and fund operational needs or debt refinancing. Because this is a preliminary debt prospectus supplement rather than insider transaction activity or an equity dilution event, the direct trading impact on common shares is expected to be low.