Estee Lauder will sell new notes to repay $300 million notes due 2017

By Devika Patel

Knoxville, Tenn., Feb. 6 – Estee Lauder Cos. Inc. plans to sell fixed-rate senior notes in three tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes initially will have a make-whole call and will later have a par call.

Bookrunners are BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and MUFG.

Proceeds will be used for general corporate purposes, including repaying commercial paper as it matures and refinancing the company’s $300 million 5.55% senior notes due May 15, 2017.

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

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