Commentary & Deal Flow

Parker-Hannifin Corporation, a designer and manufacturer of diversified industrial and aerospace systems, (ticker: "PH", country: USA) rated A3/BBB+/A- (Moody's/S&P/Fitch), has mandated Barclays, Citigroup, and Morgan Stanley to act as Joint Book-Running Managers on a potential Euro-denominated bond offering.

An expected benchmark-sized, SEC-registered, multi-tranche senior unsecured notes Euro offering issued across 3.5-year, 5.5-year and 9.5-year tenors is expected to follow as early as tomorrow, subject to market conditions.

A pre-recorded electronic presentation will be made available via the link below.

Pre-Recorded Electronic Presentation Details:

• Direct Link: www.netroadshow.com/nrs/home/#!/?show=a118b30e
• https://netroadshow.com with Entry code: PH2026 (not case-sensitive)

About the Company:
Parker-Hannifin Corporation designs and manufactures diversified industrial and aerospace systems. The Company offers motion-control and fluid systems and components for industrial markets, as well as flight control, hydraulic, fluid conveyance, thermal-management, pneumatic, and lubrication systems and components for aerospace markets. Parker-Hannifin serves customers worldwide.

Additional Information:

• Target Market: Eligible counterparties and professional clients only (all distribution channels)
• Regulations: Relevant stabilization regulations including FCA/ICMA will apply