Eastman Chemical issues $500M of 5.750% Notes due 2033 for green projects

EASTMAN CHEMICAL CO

$500M aggregate principal of 5.750% Notes due March 8, 2033 issued.
Net proceeds ~$495.2M after underwriting discounts and expenses.
Proceeds allocated to finance or refinance green eligible projects.
Underwriters: BofA Securities, Citigroup, J.P. Morgan, Mizuho Securities.
Notes unsecured, rank equally with unsubordinated debt; change of control triggers 101% offer.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

EASTMAN CHEMICAL CO entered into Indenture dated as of June 5, 2012 between Eastman Chemical Company and Computershare Trust Company, National Association (as successor trustee) with Computershare Trust Company, National Association valued at $500,000,000 aggregate principal amount of 5.750% Notes due 2033 (effective 2023-03-08).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, National Association
Value: $500,000,000 aggregate principal amount of 5.750% Notes due 2033
Effective: 2023-03-08

Exact text from the filing

On March 8, 2023, Eastman Chemical Company (the "Company") issued $500,000,000 aggregate principal amount of 5.750% Notes due 2033 (the "Notes") in a public offering pursuant to a registration statement on Form S-3 (File No. 333-257008) and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the SEC.

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EASTMAN CHEMICAL CO filing history →

Source: SEC EDGAR

accession 0001193125-23-064522

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