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Estee Lauder | 8-K: Estee Lauder Completed to Issue $650.0 Million of Senior Notes

SEC announcement ·  Feb 14 17:37
Summary by Moomoo AI
On February 14, 2024, The Estée Lauder Companies Inc., a Delaware-incorporated entity listed on the New York Stock Exchange under the symbol EL, successfully completed a public offering of $650 million in 5.000% Senior Notes due in 2034. The offering was conducted under an effective registration statement filed with the SEC on May 20, 2021. The notes, which are senior unsecured obligations, will mature on February 14, 2034, with interest payable semi-annually starting August 14, 2024. The company retains the option to redeem the notes before maturity, with specific terms outlined in the Indenture. The proceeds from the offering are intended for general corporate purposes, including potential acquisition funding, operating expenses, and debt management. The underwriting agreement for the offering was entered into with BofA Securities, Inc., Goldman Sachs & Co. LLC, and MUFG Securities Americas Inc., among others, on February 12, 2024. The underwriters have been involved in various transactions and services for the company and have received customary fees for these services.
On February 14, 2024, The Estée Lauder Companies Inc., a Delaware-incorporated entity listed on the New York Stock Exchange under the symbol EL, successfully completed a public offering of $650 million in 5.000% Senior Notes due in 2034. The offering was conducted under an effective registration statement filed with the SEC on May 20, 2021. The notes, which are senior unsecured obligations, will mature on February 14, 2034, with interest payable semi-annually starting August 14, 2024. The company retains the option to redeem the notes before maturity, with specific terms outlined in the Indenture. The proceeds from the offering are intended for general corporate purposes, including potential acquisition funding, operating expenses, and debt management. The underwriting agreement for the offering was entered into with BofA Securities, Inc., Goldman Sachs & Co. LLC, and MUFG Securities Americas Inc., among others, on February 12, 2024. The underwriters have been involved in various transactions and services for the company and have received customary fees for these services.
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