04:53 PM EDT, 08/12/2024 (MT Newswires) -- Eastman Chemical ( EMN ) said Monday it priced a $250 million cash tended offer for outstanding 3.8% notes due 2025 at a total consideration of $993.26 per $1,000 of the notes.

The company said it will pay an early tender premium of $30 per $1,000 principal amount of notes validly tendered and not withdrawn before Aug. 9.

Eastman expects to pay for notes tendered on or before Aug. 9, including paid accrued and unpaid interest on Wednesday.