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Estee Lauder | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC announcement ·  Feb 12 17:07
Summary by Moomoo AI
The Estée Lauder Companies Inc. has successfully issued $650 million in 5.000% Senior Notes due in 2034, as detailed in their final term sheet filed on February 12, 2024. The notes, which mature on February 14, 2034, will pay interest semi-annually starting August 14, 2024. Priced to the public at 99.689%, the notes are set against a benchmark Treasury rate of 4.170%. Estée Lauder has the option to redeem the notes before November 14, 2033, with a make-whole call at Treasury plus 15 basis points, or at par after this date. The settlement is expected to occur on February 14, 2024. Moody's Investors Service, Inc. and Standard & Poor's have assigned the notes an anticipated rating of A1 (Negative) and A (Negative), respectively. The joint book-running managers for the offering include BofA Securities, Inc., Goldman Sachs & Co. LLC, and several others, with additional co-managers also listed. The offering is part of a registration statement previously filed with the SEC, which includes a prospectus supplement and other relevant documents available for review.
The Estée Lauder Companies Inc. has successfully issued $650 million in 5.000% Senior Notes due in 2034, as detailed in their final term sheet filed on February 12, 2024. The notes, which mature on February 14, 2034, will pay interest semi-annually starting August 14, 2024. Priced to the public at 99.689%, the notes are set against a benchmark Treasury rate of 4.170%. Estée Lauder has the option to redeem the notes before November 14, 2033, with a make-whole call at Treasury plus 15 basis points, or at par after this date. The settlement is expected to occur on February 14, 2024. Moody's Investors Service, Inc. and Standard & Poor's have assigned the notes an anticipated rating of A1 (Negative) and A (Negative), respectively. The joint book-running managers for the offering include BofA Securities, Inc., Goldman Sachs & Co. LLC, and several others, with additional co-managers also listed. The offering is part of a registration statement previously filed with the SEC, which includes a prospectus supplement and other relevant documents available for review.
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