The Estée Lauder Companies Offering $2B of Senior Notes

The closing of the offering is expected to occur on or about May 12, 2023.
The closing of the offering is expected to occur on or about May 12, 2023.

The Estée Lauder Companies is offering $2 billion worth of senior notes: $700 million aggregate principal amount of its 4.375% senior notes due 2028; $700 million aggregate principal amount of its 4.650% senior notes due 2033 and $600 million aggregate principal amount of its 5.150% senior notes due 2053.

The company intends to use the net proceeds of the offering for general corporate purposes, which may include operating expenses, working capital, capital expenditures and redemption and repayment of short-term or long-term borrowings, including outstanding commercial paper as it matures. 

The Estée Lauder Companies may initially invest funds in short-term marketable securities.

 The closing of the offering is expected to occur on or about May 12, 2023.

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