secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN CHEMICAL CO (EMN)
CIK:        0000915389
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001193125-24-040003
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastman Chemical issues $750M of 5.625% senior notes due 2034
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- Principal amount $750M, interest 5.625% paid semi-annually, maturity Feb 20, 2034.
- Net proceeds approximately $742.1M after underwriting discounts and expenses.
- Proceeds intended for general corporate purposes, including capex, working capital, debt repayment.
- Notes redeemable at Company's option at Treasury Rate plus 25 bps prior to Nov 20, 2033.
- Change-of-control provision requires offer to repurchase at 101% if notes downgraded below investment grade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915389/000119312524040003/0001193125-24-040003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915389/000119312524040003/d681849d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-040003

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