Procter & Gamble Completes $1.25 Billion Notes Offering
Deal News | May 01, 2025 | Fried Frank
Procter & Gamble has successfully completed a $1.25 billion notes offering, organized in two tranches: $700 million of 4.050% notes due May 2030 and $550 million of 4.600% notes due May 2035. The proceeds from this financial maneuver will be utilized for general corporate purposes. The offering highlights Procter & Gamble’s focus on sustaining its market operations and potential expansion. Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC acted as lead underwriters for the offering, with Fried Frank serving as legal counsel. The legal team from Fried Frank was led by corporate partners Daniel J. Bursky and Andrew B. Barkan. Procter & Gamble is a preeminent player in the global consumer packaged goods industry, owning brands like Bounty, Pampers, and Gillette. This strategic financial move is indicative of Procter & Gamble's intent to maintain robust financial health while positioning for future opportunities.
Sectors
- Consumer Packaged Goods
- Corporate Finance
- Legal Advisory
Geography
- United States – Procter & Gamble is an American multinational company, and the financial institutions involved are major players in the U.S. financial market.
Industry
- Consumer Packaged Goods – Procter & Gamble is a global leader in the consumer packaged goods industry, offering a wide array of household brands.
- Corporate Finance – The issuance of notes and the involvement of major financial institutions and legal advisors highlight the role of corporate finance in structuring this transaction.
- Legal Advisory – Fried Frank’s role as legal counsel to the underwriters underscores the legal complexities involved in the notes offering.
Financials
- $1.25 billion – Total amount raised through the notes offering.
- $700 million – Amount for the tranche of 4.050% notes due May 2030.
- $550 million – Amount for the tranche of 4.600% notes due May 2035.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Procter & Gamble | Issuing Company | Company | A major global provider of consumer-packaged goods. |
| Fried Frank | Legal Advisor | Company | Provided legal counsel to the underwriters in the notes offering. |
| Citigroup Global Markets Inc. | Lead Underwriter | Company | One of the lead underwriters for the notes offering. |
| Goldman Sachs & Co. LLC | Lead Underwriter | Company | One of the lead underwriters for the notes offering. |
| Morgan Stanley & Co. LLC | Lead Underwriter | Company | One of the lead underwriters for the notes offering. |
| Daniel J. Bursky | Corporate Partner | Person | Led the Fried Frank legal team advising on the transaction. |
| Andrew B. Barkan | Corporate Partner | Person | Led the Fried Frank legal team advising on the transaction. |