Procter & Gamble Closes $4.0 Billion Multi-Tranche Senior Notes Offering

Overview of the Filing

On October 30, 2026, The Procter & Gamble Company filed a Current Report on Form 8-K under Item 8.01 (Other Events) announcing the closing of an underwritten public offering of senior notes across four tranches totaling $4.0 billion in aggregate principal amount.

Offering Breakdown

1. 5.125% Notes due October 30, 2031: $750,000,000 aggregate principal amount
2. 5.300% Notes due October 30, 2033: $750,000,000 aggregate principal amount
3. 5.450% Notes due October 30, 2036: $1,250,000,000 aggregate principal amount
4. 5.900% Notes due October 30, 2056: $1,250,000,000 aggregate principal amount

Key Terms & Structure

• Registration Statement: Issued under the Company's Form S-3 registration statement (Registration No. 333-299472).
• Indenture: Governed by the Indenture dated September 3, 2009, between The Procter & Gamble Company and Deutsche Bank Trust Company Americas, as trustee.
• Legal Opinions: Accompanied by legal opinions from internal counsel Travonte Warren, Esq., and Fried, Frank, Harris, Shriver & Jacobson LLP.

Financial & Strategic Impact

The multi-tranche issuance extends Procter & Gamble's debt maturity profile up to 30 years (maturing in 2056) at fixed coupon rates ranging from 5.125% to 5.900%. This provides substantial liquidity to support general corporate purposes, debt refinancing, and capital allocation priorities.