Eastman in $600 Million Offering

Cleary Gottlieb represented Eastman Chemical Company (Eastman) in a $600 million offering of its 4.5% senior notes due 2031.

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

The transaction priced on February 17, 2026, and will close on February 20, 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 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 and associate Dylan Sanders. Partner Matthew Brigham and associate Michael Hughes advised on tax matters. Partner Beau Sterling and associates Madison Bush and Katie McGuire advised on environmental matters.