Eastman prices $500M 5.000% notes due 2029; tender offer for $250M 3.800% notes due 2025

EASTMAN CHEMICAL CO

$500M aggregate principal amount of 5.000% notes due 2029 priced July 29, expected to close Aug 1, 2024.
Net proceeds partly fund cash tender offer for up to $250M of 3.800% notes due 2025; tender expires Aug 26, 2024.
Joint book-running managers: BofA, Citigroup, J.P. Morgan, Mizuho, Morgan Stanley; passive managers also named.
Remaining proceeds for general corporate purposes, working capital, capex, and repayment of other debt.

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