NEW YORK--(BUSINESS WIRE)--Jul. 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 supplement.
About The Estée Lauder Companies Inc.
The Estée Lauder 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 and Ermenegildo Zegna.
Source: The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc.
Investor Relations:
Dennis
D’Andrea, 212-572-4384
or
Media Relations:
Alexandra
Trower, 212-572-4430
