Summary by Moomoo AI
The Estée Lauder Companies Inc. has announced the offering of senior notes due 2034, with the preliminary prospectus supplement filed on February 12, 2024. The notes will bear interest at a rate to be determined, with interest payable semi-annually and the notes maturing in 2034. The offering is being managed by joint book-running managers BofA Securities, Goldman Sachs & Co. LLC, MUFG, BNP PARIBAS, Citigroup, and J.P. Morgan. The proceeds from the sale of the notes, the amount of which has not been disclosed, are intended for general corporate purposes, which may include funding a portion of the price to purchase the remaining interest in Deciem Beauty Group Inc. (DECIEM), operating expenses, working capital, capital expenditures, and repayment of short-term or long-term borrowings. The notes will be ready for delivery through The Depository Trust Company and its participants on or about a specified date in 2024.