secwatch.observer — SEC 8-K summary
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Issuer:     ESTEE LAUDER COMPANIES INC (EL)
CIK:        0001001250
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001104659-24-023831
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Estée Lauder issues $650M 5.000% Senior Notes due 2034; proceeds for DECIEM buyout
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- $650M aggregate principal of 5.000% Senior Notes due Feb 14, 2034; interest payable semi-annually from Aug 14, 2024.
- Notes priced at 99.239% of principal to underwriters, 99.689% to public; net proceeds for general corporate purposes.
- Proceeds will partially fund the purchase of remaining interest in DECIEM, plus working capital and debt repayment.
- Closing expected Feb 14, 2024; BofA, Goldman Sachs, MUFG, BNP Paribas, Citi, J.P. Morgan as joint book-runners.
- Notes are senior unsecured, rank equally with other senior debt; subject to custom covenants and change-of-control repurchase at 101%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001250/000110465924023831/0001104659-24-023831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001250/000110465924023831/tm245248d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-023831

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