Parker Issues Medium Term Notes

Parker Hannifin Corporation PH today announced the issuance of medium term notes totaling $300 million and maturing in September 2022. Each of the three primary debt rating agencies -- Fitch Ratings, Moody's Investors Services, and Standard & Poor's -- have confirmed that Parker's existing strong investment grade ratings apply to these securities. Proceeds will be used to repay outstanding debt and for general corporate purposes.