05:31 AM EDT, 07/30/2024 (MT Newswires) -- Eastman Chemical ( EMN ) said late Monday it priced a public offering of $500 million of 5% notes due 2029.

The company said proceeds will be used to fund its cash tender offer to purchase up to $250 million of its outstanding 3.8% notes due 2025 and for general working capital.

Eastman Chemical ( EMN ) expects to close the notes offering on Thursday and the cash tender offer on Aug. 26.

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