Stepan issues $75M in 2.83% senior notes due 2032

STEPAN CO

Issued $25M Series 2022-A and $50M Series 2022-B senior notes at 2.83% fixed rate.
Notes mature March 1, 2032; principal amortization begins March 1, 2026 with equal annual payments.
Subsidiary guarantors Stepan Specialty Products and Stepan Surfactants Holdings confirmed guaranties.
Covenants similar to existing long-term debt; make-whole premium on prepayment.

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