Eastman Chemical Issues $600 Million Senior Notes Offering

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Eastman Chemical Company has issued $600 million of 4.500% unsecured notes due 2031, with expected net proceeds of approximately $593.7 million. The funds will be used for general corporate purposes, including working capital, capital expenditures, and strategic initiatives. Analysts currently rate EMN stock as a Hold with a $75.00 price target, while TipRanks’ AI Analyst, Spark, assigns a Neutral rating due to mixed financial outlooks.

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