Procter & Gamble Closes €3.25 Billion Multi-Tranche Euro Notes Offering

Overview of Filing

On November 3, 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 four tranches of Euro-denominated senior notes totaling €3.25 billion in aggregate principal amount.

Offering Summary & Tranche Breakdown

The debt offering was conducted under P&G's shelf Registration Statement on Form S-3 (File No. 333-299472) with Deutsche Bank Trust Company Americas serving as trustee under the base Indenture dated September 3, 2009:

1. €750,000,000 aggregate principal amount of 3.750% Notes due November 3, 2030 (4-year maturity).
2. €1,000,000,000 aggregate principal amount of 4.100% Notes due November 3, 2034 (8-year maturity).
3. €750,000,000 aggregate principal amount of 4.250% Notes due November 3, 2038 (12-year maturity).
4. €750,000,000 aggregate principal amount of 4.625% Notes due November 3, 2046 (20-year maturity).

Strategic & Financial Context

• Currency Diversification: The issuance leverages European capital markets to secure long-term fixed-rate financing, likely matching assets or revenues generated by P&G's extensive European operations.
• Maturity Profile: The maturity dates range from 2030 to 2046, providing balanced debt laddering over short-, intermediate-, and long-term horizons.
• Market Impact: This is a routine capital management transaction for a mega-cap issuer with a high-grade credit rating, presenting low immediate volatility impact on common equity trading.