Estée Lauder to Issue $500 Million of Senior Notes

Posted on July 31, 2012 @ 08:46 am

The Estée Lauder Companies Inc. announced the offering and pricing of $250 million of its 2.350% Senior Notes due 2022 and $250 million of its 3.700% Senior Notes due 2042. The offering was made pursuant to an effective registration statement filed by The Estée Lauder Companies Inc. with the Securities and Exchange Commission on July 30, 2012. The closing of the offering is expected to occur on or about August 2, 2012.

The Company intends to use approximately $250 million of the net proceeds of the offering to redeem all of its outstanding 7.75% Senior Notes due 2013, and to use the remaining amounts for general corporate purposes, which may include repayment of its outstanding commercial paper as it matures and other indebtedness, acquisitions, working capital, capital expenditures and repurchases of its Class A Common Stock, and to pay transaction fees and expenses related to this offering.