senior unsecured debt ratings to New York City-based The Estee Lauder Cos.
Inc.'s newly issued $250 million 10-year senior unsecured notes and $250
million 30-year senior unsecured notes.
The new issuances will be drawn from the company's shelf registration program.
We expect net proceeds from the issuances to repay existing indebtedness
(including redeeming the $230 million outstanding on its 7.75% senior notes
due
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