Eastman's $250 Million Offering

Cleary Gottlieb represented Eastman Chemical Company (Eastman) in a $250 million reopening offering of its 5.000% senior notes due 2029.

BofA Securities, Inc. and J.P. Morgan Securities LLC acted as representatives of the several underwriters and, together with Citigroup Global Markets Inc., Mizuho Securities USA LLC, Barclays Capital Inc. and Scotia Capital (USA) Inc., as joint book-running managers.

The transaction priced on February 18, 2025 and closed on February 21, 2025.

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With 14,000 employees in more than 100 countries, it meets the needs of society and its partners in developing groundbreaking technologies, leading business models and sustainable materials.