Eastman in $300 Million Offering

Cleary Gottlieb represented Eastman Chemical Company (Eastman) in a $300 million offering of its 5.5% senior notes due 2030.

Citigroup Global Markets Inc. and Mizuho Securities USA LLC acted as representatives of the several underwriters, together with BofA Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Wells Fargo Securities LLC as joint bookrunning managers.

The transaction priced on November 2, 2026, and is expected to close on November 12, 2026.

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With approximately 13,000 employees in more than 100 countries, it meets the needs of society and its partners in developing groundbreaking technologies, leading business models, and sustainable materials.

The Cleary corporate team included partners Francesca Odell and Synne Chapman, associate Dylan Sanders, and law clerks Crystal Lee and Kaitlyn Seese. Partner Matthew Brigham and associate Michael Hughes advised on tax matters, with support from law clerk Alison Cardoso De Oliveira. Partner Beau Sterling and associate Madison Bush advised on environmental matters.