Happi Staff11.20.19
The Estée Lauder Companies Inc. has offered and priced $500 million aggregate principal amount of its 2.000% Senior Notes due 2024, $650 million aggregate principal amount of its 2.375% Senior Notes due 2029 and $650 million aggregate principal amount of its 3.125% Senior Notes due 2049.
The offering was made in accordance with an effective registration statement filed by The Estée Lauder Companies Inc. with the Securities and Exchange Commission and effective as of May 21, 2018. The closing of the offering is expected to occur around November 21, 2019.
The company intends to use the net proceeds of the offering for general corporate purposes, which may include funding the recently announced acquisition of Have & Be Co. Ltd. and refinancing its $500 million aggregate principal amount of 1.800% Senior Notes due February 7, 2020. Pending any specific application, it may initially invest funds in short-term marketable securities.
The offering was made in accordance with an effective registration statement filed by The Estée Lauder Companies Inc. with the Securities and Exchange Commission and effective as of May 21, 2018. The closing of the offering is expected to occur around November 21, 2019.
The company intends to use the net proceeds of the offering for general corporate purposes, which may include funding the recently announced acquisition of Have & Be Co. Ltd. and refinancing its $500 million aggregate principal amount of 1.800% Senior Notes due February 7, 2020. Pending any specific application, it may initially invest funds in short-term marketable securities.