Eastman Chemical sells $250 million of 5.000% notes due 2029 in public offering
Eastman Chemical issued $250 million of 5.000% notes due August 1, 2029, in a public offering, adding to $500 million of the same notes issued in August 2024. The company expects net proceeds of about $246.2 million for general corporate purposes, including working capital, capital expenditures and debt repayment.
Key points
- Notes: $250 million principal, 5.000% coupon, maturing August 1, 2029, issued February 21, 2025
- Expected net proceeds of approximately $246.2 million after underwriting discounts and offering expenses
- Underwriting Agreement dated February 18, 2025, with BofA Securities and J.P. Morgan Securities as representatives
- Notes form a single series with the $500 million of 5.000% notes issued August 1, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 21, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.