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Estee Lauder | 424B2: Prospectus

SEC announcement ·  Feb 13 16:41
Summary by Moomoo AI
The Estée Lauder Companies Inc. has announced the offering of $650,000,000 aggregate principal amount of 5.000% senior notes due 2034. The notes will bear interest annually at a rate of 5.000%, with interest payments commencing on August 14, 2024, and maturing on February 14, 2034. The company may redeem the notes, in whole or in part, at any time at the redemption prices discussed under the caption 'Description of the Senior Notes — Optional Redemption.' These senior unsecured obligations will rank equally with all other unsecured and unsubordinated obligations. The offering is subject to various conditions, including the approval of legal matters by counsel and other customary closing conditions. The joint book-running managers for the offering include BofA Securities, Goldman Sachs & Co. LLC, MUFG, J.P. Morgan...Show More
The Estée Lauder Companies Inc. has announced the offering of $650,000,000 aggregate principal amount of 5.000% senior notes due 2034. The notes will bear interest annually at a rate of 5.000%, with interest payments commencing on August 14, 2024, and maturing on February 14, 2034. The company may redeem the notes, in whole or in part, at any time at the redemption prices discussed under the caption 'Description of the Senior Notes — Optional Redemption.' These senior unsecured obligations will rank equally with all other unsecured and unsubordinated obligations. The offering is subject to various conditions, including the approval of legal matters by counsel and other customary closing conditions. The joint book-running managers for the offering include BofA Securities, Goldman Sachs & Co. LLC, MUFG, J.P. Morgan, BNP PARIBAS, and Citigroup. The proceeds from the offering are intended for general corporate purposes, which may include funding a portion of the price to purchase the remaining interest in Deciem Beauty Group Inc. ('DECIEM'), operating expenses, working capital, capital expenditures, and repayment of short-term or long-term borrowings. The offering was announced on February 12, 2024.

This announcement is a separate document:

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