$1.5 Billion of Senior Notes to be Issued by Estée Lauder Companies


Estée Lauder Companies, Inc. recently announced that it will issue $1.5 billion worth of senior notes, or bonds.

The company states it will use the net proceeds of the senior notes to help support general corporate purposes. This includes repaying outstanding commercial paper as it grows. The company also intends to refinance its $300 million of 5.55% senior notes due on May 15, 2017.

How it breaks down:

  • $500 million of its 1.80% senior notes will be due in 2020
  • $500 million of its 3.15% senior notes will be due in 2027
  • $500 million of its 4.15% senior notes will be due in 2047

An effective registration statement filed by the company with the Securities and Exchange Commission has been operative since May 22, 2015. The offering is expected to occur on or about February 9, 2017. That document is available here: www.sec.gov

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