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Article: Eastman Announces Offering of $250 Million 5.5% Notes due 2019.
- Article from:
- Chemicals & Chemistry
- Article date:
- November 13, 2009
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Eastman Chemical Company (NYSE:EMN) announced the public offering of $250 million 10-year notes due 2019 with a coupon of 5.5%. Citigroup Global Markets Inc. and J. P. Morgan Securities Inc. are serving as joint book-running managers for the offering.
Closing of the offering of notes is expected to occur on Nov. 2, 2009. Eastman intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include funding of pension plan obligations and repayment of borrowings outstanding from time to time.
A registration statement, a preliminary prospectus supplement and an issuer free writing prospectus have been filed, and a ...