EASTMAN CHEMICAL CO (EMN) Form 424B5 — Nov 3, 2026
Eastman Chemical is offering $300 million of unsecured 5.500% senior notes due February 25, 2030, expecting roughly $297.7 million in net proceeds after a 0.350% underwriting discount and about $900,000 of expenses. The notes rank pari passu with Eastman's existing unsecured debt, which stood at approximately $5.2 billion as of September 30, 2026, and carry a change-of-control put at 101% of principal if a downgrade below investment grade accompanies a change of control. Proceeds are earmarked for general corporate purposes including working capital, capital expenditures, and repayment of other indebtedness.
Key figures
- Debt Amount
- 300000000
- Interest Rate
- 5.5
- Maturity Date
- 2030-02-25
- Gross Proceeds
- 300000000
- Settlement
- T+7 (November 12, 2026)
- Net Proceeds
- $297.7 million
- Estimated Expenses
- $900,000
- Underwriting Discount
- 0.350% ($1,050,000)
- Existing Pari Passu Debt
- $5.2 billion as of September 30, 2026
- Change Of Control Put Price
- 101% of principal plus accrued interest
AI analysis
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