Estee Lauder in the market with senior notes offering

By Lisa Kerner

Charlotte, N.C., May 5 – Estee Lauder Cos. Inc. is in the market with an offering of senior notes, according to a 424B5 filed with the Securities and Exchange Commission on Thursday.

BofA Merrill Lynch, J.P. Morgan Securities LLC and MUFG 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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