Commercial, Finance  -  February 23, 2023

Eastman Prices Inaugural Green Bond Offering

Eastman Chemical Company announced the pricing of its public offering of $500 million aggregate principal amount of 5.750% notes due 2033 in its inaugural green bond offering, according to a statement. 

Eastman, a specialty materials company, intends to allocate an amount equal to the net proceeds from the sale of the Notes to finance or refinance, in whole or in part, existing and/or future green eligible projects in the following categories: eco-efficient and/or circular economy adapted products, production technologies and processes; pollution prevention and control; energy efficiency; renewable energy and sustainable water and wastewater management.