Eastman Chemical (EMN) has released an update.
Eastman Chemical Company has successfully issued $750 million in 5.625% Notes due in 2034, aiming to strengthen its financial position. The Notes are unsecured and rank equally with the company’s other unsecured debts, offering semi-annual interest payments and options for early redemption. The funds raised, expected to be around $742.1 million net, are designated for various corporate undertakings, including working capital and strategic initiatives, bolstering Eastman’s ongoing business operations and future growth prospects.
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