The Estée Lauder Companies to Issue $500 Million of Senior Notes
NEW YORK -- July 30, 2012
The Estée Lauder Companies Inc. (NYSE: EL) today announced the offering and
pricing of $250 million of its 2.350% Senior Notes due 2022 and $250 million
of its 3.700% Senior Notes due 2042.
The offering was made pursuant to an effective registration statement filed by
The Estée Lauder Companies Inc. with the Securities and Exchange Commission on
July 30, 2012. The closing of the offering is expected to occur on or about
August 2, 2012.
The Company intends to use approximately $250 million of the net proceeds of
the offering to redeem all of its outstanding 7.75% Senior Notes due 2013, and
to use the remaining amounts for general corporate purposes, which may include
repayment of its outstanding commercial paper as it matures and other
indebtedness, acquisitions, working capital, capital expenditures and
repurchases of its Class A Common Stock, and to pay transaction fees and
expenses related to this offering.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BNP Paribas
Securities Corp. and Goldman, Sachs & Co. were joint book-running managers for
the offering. Copies of the prospectus supplement and accompanying prospectus
may be obtained, when available, by contacting Citigroup Global Markets Inc.,
Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th
Floor, Brooklyn, New York, NY 11220, or by telephone at 1-877-858-5407 or J.P.
Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn: High
Grade Syndicate Desk, or by telephone at 1-212-834-4533.
An electronic copy of the prospectus supplement and accompanying prospectus
will also be available on the website of the Securities and Exchange
Commission at http://www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the notes, nor shall there be any sale of these notes in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction. A registration statement relating to the notes became effective
on July 30, 2012, and this offering is being made by means of a prospectus
About The Estée Lauder Companies Inc.
The EstéeLauder Companies Inc.is one of the world’s leading manufacturers
and marketers of quality skin care, makeup, fragrance and hair care products.
The Company's products are sold in over 150 countries and territories under
the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab
Series, Origins, M•A•C,Bobbi Brown,Tommy Hilfiger, Kiton, La Mer, Donna
Karan, Aveda,Jo Malone, Bumble and bumble, Darphin,Michael Kors, American
Beauty, Flirt!,GoodSkin Labs,Grassroots Research Labs, Tom Ford, Coach,
Ojon, Smashbox andErmenegildo Zegna.
The Estée Lauder Companies Inc.
Dennis D’Andrea, 212-572-4384
Alexandra Trower, 212-572-4430
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