Procter & Gamble Closes $4B Offering of Four Tranches of Notes

Fried Frank advised Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC, as lead underwriters, in The Procter & Gamble Company's (Procter & Gamble) $4 billion offering of four tranches of notes: $750 million of 5.125% notes due October 30, 2031, $750 million of 5.300% notes due October 30, 2033, $1.25 billion of 5.450% notes due October 30, 2036 and $1.25 billion of 5.900% notes due October 30, 2056. 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.

Capital markets partners Daniel J. Bursky and Andrew B. Barkan led the Fried Frank team.

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