De Estée Lauder-bedrijven geven $ 700 miljoen aan senior notes uit
NEW YORK– (BUSINESS WIRE) – Estée Lauder Companies Inc. (NYSE: EL) heeft vandaag het aanbod en de prijs aangekondigd van de totale hoofdsom van $ 700 miljoen van de 2.600% Senior Notes met vervaldag in 2030. Het aanbod is gedaan op grond van een effectieve registratieverklaring ingediend door The Estée Lauder Companies Inc. bij de Securities en Exchange Commission en is van kracht vanaf 21 mei 2018. De sluiting van het aanbod zal naar verwachting plaatsvinden op of rond 13 april 2020.
De Vennootschap is voornemens de netto-opbrengst van het aanbod te gebruiken voor algemene bedrijfsdoeleinden, waaronder bedrijfskosten, werkkapitaal, kapitaaluitgaven en aflossing en terugbetaling van kortlopende of langlopende leningen, inclusief uitstaand handelspapier naarmate het afloopt. In afwachting van een specifieke aanvraag, kan het in eerste instantie fondsen beleggen in kortlopende verhandelbare effecten.
The Estée Lauder Companies to Issue $700 Million of Senior Notes
NEW YORK–(BUSINESS WIRE)– The Estée Lauder Companies Inc. (NYSE:EL) today announced the offering and pricing of $700 million aggregate principal amount of its 2.600% Senior Notes due 2030. The offering was made pursuant to 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 on or about April 13, 2020.
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. Pending any specific application, it may initially invest funds in short-term marketable securities.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and MUFG Securities Americas Inc. 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., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department, by telephone at 1-800-294-1322 or by email at dg.prospectus_requests@bofa.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-800-831-9146 or by email at prospectus@citi.com; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: Investment Grade Syndicate Desk or by telephone at 1-212-834-4533; BNP Paribas Securities Corp., 787 Seventh Avenue, New York, New York 10019, or by telephone at 1-800-854-5674 or by email at new.york.syndicate@bnpparibas.com or MUFG Securities Americas Inc., 1221 Avenue of the Americas, 6th Floor, New York, New York 10020 or by telephone at 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 21, 2018, 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 and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA, Too Faced and Dr. Jart+.
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