This is Eastman’s inaugural green bond offering

Davis Polk advised the several underwriters in connection with an offering by Eastman Chemical Company of $500 million aggregate principal amount of its 5.750% notes due 2033.

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. Eastman serves customers in more than 100 countries and is headquartered in Kingsport, Tennessee.

The Davis Polk capital markets team included partner Byron B. Rooney, counsel Jennifer Ying Lan and associates Katherine Warshauer and Wenyi Xu. Counsel Loyti Cheng provided environmental advice. All members of the Davis Polk team are based in the New York office.