Estee Lauder to price $300 million 30-year senior notes Monday

By Aleesia Forni

Virginia Beach, June 1 – Estee Lauder Cos. Inc. is in the market with $300 million of senior notes (A2/A+/) due 2045 on Monday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

Citigroup Global Markets Inc., Goldman Sachs & Co., BofA Merrill Lynch and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, which may include repayment of outstanding commercial paper and other debt, acquisitions, working capital, capital expenditures and repurchases of common stock.

New York-based Estee Lauder is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.

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