Eastman Chemical issues $600M 4.500% notes due 2031

EASTMAN CHEMICAL CO

Issued $600M aggregate principal of 4.500% Notes due February 20, 2031.
Net proceeds estimated at $593.7M after underwriting discounts and expenses.
Interest paid semi-annually on Feb 20 and Aug 20, commencing Aug 20, 2026.
Proceeds for general corporate purposes: working capital, capex, debt repayment, strategic initiatives.
Notes redeemable prior to Jan 20, 2031 at Treasury rate plus 15 basis points.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EASTMAN CHEMICAL CO entered into Indenture with Computershare Trust Company, National Association valued at $600,000,000 aggregate principal amount of 4.500% Notes due 2031 (effective 2026-02-20).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, National Association
Value: $600,000,000 aggregate principal amount of 4.500% Notes due 2031
Effective: 2026-02-20

Exact text from the filing

On February 20, 2026, Eastman Chemical Company (the “Company”) issued $600,000,000 aggregate principal amount of 4.500% Notes due 2031 (the “Notes”) in a public offering (the “Notes Offering”) pursuant to a registration statement on Form S-3 (File No. 333-280083) and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the SEC. The Notes were issued under an indenture, dated as of June 5, 2012 (the “Indenture”), by and between the Company and Computershare Trust Company, National Association (as successor to Wells Fargo Bank, National Association), as trustee (the “Trustee”).

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Source: SEC EDGAR

accession 0001193125-26-061351

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