Stepan issues $100M of 2.73% senior notes due 2031 under existing note purchase agreements

STEPAN CO

Issued $50M Series 2021-C and $50M Series 2021-D 2.73% Senior Notes due Dec 10, 2031.
Interest payable semi-annually; principal amortization begins Dec 10, 2025 with equal annual payments.
Subsidiary guarantors Stepan Specialty Products and Stepan Surfactants Holdings confirmed guarantees.
Notes issued under June 2021 Note Purchase Agreements with PGIM/Prudential and NYL Investors.
Use of proceeds not specified; covenants similar to existing long-term debt.

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