Eastman Chemical issues $250M of 5.000% Notes due 2029, net proceeds ~$246.2M

EASTMAN CHEMICAL CO

Issued $250M aggregate principal of 5.000% Notes due 2029, forming a single series with $500M notes issued Aug 2024.
Net proceeds estimated at $246.2M after underwriting discounts and estimated offering expenses.
Interest paid semi-annually on Feb 1 and Aug 1; maturity Aug 1, 2029.
Redeemable prior to July 1, 2029 at Treasury Rate plus 15 bps make-whole; after that at par.
Proceeds for general corporate purposes including working capital, capex, debt repayment, and strategic initiatives.

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