Eastman Chem Co Stock Price, News & Analysis

Eastman Chemical Company (NYSE:EMN) announced its financial results on April 27, 2023, with a live webcast and teleconference scheduled for April 28, 2023. The company emphasized its commitment to investor transparency by providing advance slides and prepared remarks on its investor website. The teleconference will include a unique dial-in number for registered participants to ensure smooth connectivity.

Eastman aims to keep its stakeholders informed through multiple platforms, including a replay of the webcast and downloadable MP3 format available on its investor relations page. The company appears focused on maintaining clear communication regarding its financial performance and future outlook.

Eastman Chemical Company (NYSE:EMN) has successfully closed a $500 million offering of 5.750% Senior Unsecured Notes due 2033. This marks a significant milestone as it is the first investment-grade USD-denominated senior unsecured green bond issuance by a U.S. chemical sector issuer. The net proceeds will support Eastman's sustainability initiatives aimed at addressing climate change and promoting circular economy practices. Eastman plans to allocate the funds to various eligible projects that include pollution control, energy efficiency, and renewable energy. Annual allocation and impact reports will be provided until the full allocation of proceeds.

Eastman Chemical Company (NYSE:EMN) will present at the JP Morgan Industrials Conference on March 14, 2023, at 8:00 a.m. ET. The presentation will be led by Willie McLain, Senior Vice President and Chief Financial Officer. A live webcast of the presentation can be followed on investors.eastman.com. An audio replay will also be accessible on the same site post-event. This conference represents a key opportunity for Eastman to connect with investors and industry stakeholders.

Eastman Chemical Company (NYSE: EMN) has announced the pricing of its inaugural green bond offering, totaling $500 million in aggregate principal amount of 5.750% notes due 2033. This offering, managed by major banks including BofA Securities and Citigroup, will close on March 8, 2023. Proceeds from the notes are earmarked for financing green projects in categories such as eco-efficient products, pollution control, energy efficiency, renewable energy, and sustainable water management. Temporary investments may include cash equivalents or repayment of debt.