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Excerpt from www.globalcosmeticsnews.comTHE WHAT? The Estée Lauder Companies Inc. has entered into a senior unsecured credit agreement, establishing a US$2.5 billion revolving credit facility. This new agreement, effective June 7, 2024, replaces a previous facility from October 2021 and includes provisions for multicurrency loans and letters of credit.
THE DETAILS The agreement, signed with JPMorgan Chase Bank, N.A., and involving various lenders, provides a five-year revolving credit facility that can be extended for up to two additional years. The facility supports the company and its eligible subsidiaries, with the entire US$2.5 billion currently undrawn and available for general corporate purposes.
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