Eastman Chemical Company announced the issuance of $250 million in 5.000% Notes due 2029 as part of a public offering. These notes constitute a further issuance of the $500 million in 5.000% Notes due 2029 that the company issued on August 1, 2024. The offering was conducted under an existing registration statement filed with the SEC.

The notes were issued under an indenture between Eastman Chemical and Computershare Trust Company, serving as trustee. They will mature on August 1, 2029, with interest paid semi-annually on February 1 and August 1. The company has the option to redeem the notes before their maturity under specific terms.

Eastman Chemical expects to receive approximately $246.2 million in net proceeds from the offering, which it plans to use for general corporate purposes, including working capital, capital expenditures, and debt repayment. The sale was conducted through an underwriting agreement with BofA Securities and J.P. Morgan Securities as lead underwriters.