The Estée Lauder Companies to Issue $650.0 Million of Senior Notes
13 Febbraio 2024 - 1:36AM
Business Wire
The Estée Lauder Companies Inc. (NYSE: EL) today announced the
offering and pricing of $650.0 million aggregate principal amount
of its 5.000% Senior Notes due 2034.
The offering was made pursuant to an effective registration
statement filed by The Estée Lauder Companies Inc. with the
Securities and Exchange Commission on May 20, 2021. The closing of
the offering is expected to occur on or about February 14,
2024.
The Company intends to use the net proceeds of this offering for
general corporate purposes, which may include funding a portion of
the purchase price to purchase the remaining interest in DECIEM,
operating expenses, working capital, capital expenditures and
redemption and repayment of short-term or long-term borrowings,
including outstanding commercial paper as it matures. Pending any
specific application, the Company may initially invest funds in
short-term marketable securities.
BofA Securities, Inc., Goldman Sachs & Co. LLC, MUFG
Securities Americas Inc., BNP Paribas Securities Corp., Citigroup
Global Markets Inc. and J.P. Morgan Securities LLC are the joint
book-running managers for the offering. Copies of the prospectus
supplement and accompanying prospectus may be obtained, when
available, by contacting BofA Securities, Inc., 201 North Tryon
Street, NC1-022-02-25, Charlotte, NC 28255-0001, Attn: Prospectus
Department, by calling toll free 1-800-294-1322; Goldman Sachs
& Co. LLC, Prospectus Department, 200 West Street, New York, NY
10282, by calling 1-866-471-2526 or by emailing
Prospectus-ny@ny.email.gs.com or MUFG Securities Americas Inc. 1221
Avenue of the Americas, 6th Floor New York, New York 10020, Attn:
Capital Markets Group, or by calling 1-877-649-6848.
An electronic copy of the prospectus supplement and accompanying
prospectus will also be available on the website of the Securities
and Exchange Commission at http://www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes, nor shall there be any
sale of these notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. A
registration statement relating to the notes became effective on
May 20, 2021, and this offering is being made by means of a
prospectus supplement.
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading
manufacturers, marketers and sellers of quality skin care, makeup,
fragrance and hair care products, and is a steward of luxury and
prestige brands globally. The Company’s products are sold in
approximately 150 countries and territories under brand names
including: Estée Lauder, Aramis, Clinique, Lab Series, Origins,
M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London,
Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty,
Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN
PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands,
including The Ordinary and NIOD.
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version on businesswire.com: https://www.businesswire.com/news/home/20240212721363/en/
Investors: Rainey Mancini rmancini@estee.com
Media: Jill Marvin jimarvin@estee.com
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