Procter & Gamble Closes €1B Offering of Two Tranches of Notes

Fried Frank advised Deutsche Bank AG, London Branch, HSBC Bank plc and Morgan Stanley & Co. International plc, as lead underwriters, in The Procter & Gamble Company's (Procter & Gamble) €1 billion offering of two tranches of notes: €500 million of 2.900% notes due November 3, 2033, and €500 million of 3.650% notes due November 3, 2045. The company intends to use the proceeds from this offering for general corporate purposes.

Procter & Gamble is a global provider of consumer-packaged goods and owns many of the world's leading household brands including Bounty, Charmin, Crest, Gillette, Oral-B, Pampers, Tide and Vicks, among others.

The Fried Frank team was led by corporate partners Daniel J. Bursky and Andrew B. Barkan and included tax partner Joseph E. Fox; corporate special counsel Martin A. Hewitt; and corporate associates Rebecca Kim Iyer, Jack Madigan, Brett T. Masters and Tiana Cherry.

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