Eastman Chemical completes $800 million notes offering, concurrent cash tender offer, and notes redemptions

Client(s) Eastman Chemical Company

Jones Day represented Eastman Chemical Company, a global chemical company that manufactures and sells a broad portfolio of chemicals, plastics, and fibers, in connection with an $800 million underwritten public offering, consisting of a $300 million offering of 3.500% Notes due 2021 and a $500 million offering of 4.500% Notes due 2028. Jones Day also represented Eastman in a concurrent cash tender offer for any and all of its $250 million aggregate principal amount of 5.500% Notes due 2019, and the redemptions of any 2019 Notes not tendered in the tender offer and of $500 million of aggregate principal amount of its outstanding 2.70% Notes due 2020.