Eastman Chemical Company has issued $600 million of 4.500% unsecured notes due 2031, with expected net proceeds of approximately $593.7 million. The funds will be used for general corporate purposes, including working capital, capital expenditures, and strategic initiatives. Analysts currently rate EMN stock as a Hold with a $75.00 price target, while TipRanks’ AI Analyst, Spark, assigns a Neutral rating due to mixed financial outlooks.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Eastman Chemical Issues $600 Million Senior Notes Offering
Eastman Chemical Company has issued $600 million of 4.500% unsecured notes due 2031, with expected net proceeds of approximately $593.7 million. The funds will be used for general corporate purposes, including working capital, capital expenditures, and strategic initiatives. Analysts currently rate EMN stock as a Hold with a $75.00 price target, while TipRanks’ AI Analyst, Spark, assigns a Neutral rating due to mixed financial outlooks.