Analyst Summary
- Eastman Chemical Company issued $250,000,000 aggregate principal amount of 5.000% Notes due 2029.
- The Notes were issued under an indenture dated as of June 5, 2012.
- Interest on the Notes will be paid semi-annually on February 1 and August 1 of each year, commencing on August 1, 2025.
- Prior to July 1, 2029, the Company may redeem the Notes at its option.
- The Company expects that the net proceeds from the sale of the Notes will be approximately $246.2 million.
- The Company intends to use the net proceeds for general corporate purposes.
Potential Implications
Company Performance
- The net proceeds from the sale of the Notes will be used for general corporate purposes, which may include working capital, capital expenditures, the repayment of other indebtedness outstanding from time to time, and other matters in connection with the implementation of our strategic initiatives.