The Estée Lauder Companies (EL) has released an update.
The Estée Lauder Companies Inc. successfully completed a public offering of $650 million in 5% Senior Notes due in 2034, with interest payable semi-annually. The offering was managed by major underwriters, including BofA Securities, Goldman Sachs, and MUFG Securities Americas. The notes, which are senior unsecured obligations, offer the company an option to redeem them before maturity under specified conditions. This move is part of Estée Lauder’s strategic financial management, reflecting the company’s continuous engagement with the investment community and adherence to regulatory requirements.
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