The Procter & Gamble Company filed a Form 8-K with the SEC on October 30, 2026, disclosing the closing of an underwritten public offering totaling $4,000,000,000 in aggregate principal across four series of senior notes.

Key Highlights

  • $750,000,000 raised through 5.125% Notes due October 30, 2031.
  • $750,000,000 raised through 5.300% Notes due October 30, 2033.
  • $1,250,000,000 raised through 5.450% Notes due October 30, 2036.
  • $1,250,000,000 raised through 5.900% Notes due October 30, 2056.
  • Offering closed October 30, 2026 under Registration Statement on Form S-3 (Registration No. 333-299472).
  • Legal opinions were provided by Travonte Warren, Esq., Director and Assistant General Counsel of the Company, and Fried, Frank, Harris, Shriver & Jacobson LLP.

Procter & Gamble's October 2026 Multi-Tranche Debt Offering Details

According to the filing, The Procter & Gamble Company (NYSE:PG) closed an underwritten public offering on October 30, 2026, comprising four separate tranches of senior notes. The company disclosed that the offering was conducted under its existing Registration Statement on Form S-3, bearing Registration No. 333-299472. The four tranches carry maturities ranging from five years to thirty years, with coupon rates between 5.125% and 5.900%.

The two shorter-dated tranches, each sized at $750,000,000, carry interest rates of 5.125% (maturing October 30, 2031) and 5.300% (maturing October 30, 2033), according to the filing. The two larger tranches, each at $1,250,000,000, bear rates of 5.450% (maturing October 30, 2036) and 5.900% (maturing October 30, 2056), bringing the combined aggregate principal amount of the offering to $4,000,000,000.

The filing notes that legal opinions related to the notes are attached as Exhibits (5)(a) and (5)(b). Exhibit (5)(a) is the opinion of Travonte Warren, Esq., Director and Assistant General Counsel of the Company, and Exhibit (5)(b) is the opinion of Fried, Frank, Harris, Shriver & Jacobson LLP. Consents from both counsel are incorporated within their respective opinion exhibits. The report was signed by Aaron Shepherd, Assistant Secretary, on October 30, 2026.

What Was Disclosed

Procter & Gamble disclosed the October 30, 2026, closing of a four-tranche public debt offering totaling $4,000,000,000 in aggregate principal, with maturities in 2031, 2033, 2036, and 2056, filed as an 8-K Current Report under Item 8.01 Other Events.