Procter & Gamble has filed to raise $1.25 billion through a new debt offering. According to an SEC filing reported by Reuters, the offering is structured in two parts: $750 million in 4.100% notes due in 2032 and $500 million in 4.350% notes that will mature in 2035. This capital-raising initiative comes shortly after the company released its first-quarter earnings report. Concurrently, several analysts updated their outlook on the company, with UBS noting P&G's significant earnings flexibility in the current market. BofA Securities and Deutsche Bank also raised their price targets on the company's stock.