The estÉe lauder companies to issue $1.8 billion of senior notes

The estÉe lauder companies inc. announced the offering and pricing of $500 million aggregate principal amount of its 2.000% senior notes due 2024, $650 million aggregate principal amount of its 2.375% senior notes due 2029 and $650 million aggregate principal amount of its 3.125% senior notes due 2049. the offering was made pursuant to an effective registration statement filed by the estÉe lauder companies inc. with the securities and exchange commission and effective as of may 21, 2018. the closing of the offering is expected to occur on or about november 21, 2019. the company intends to use the net proceeds of the offering for general corporate purposes, which may include funding the recently announced acquisition of have & be co. ltd. and refinancing its $500 million aggregate principal amount of 1.800% senior notes due february 7, 2020. pending any specific application, it may initially invest funds in short-term marketable securities.
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