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TEXT-S&P rates Estee Lauder's notes 'A'
July 30 - Standard & Poor's Ratings Services said today it assigned its 'A' 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 ...
Published By: Reuters (Company news) - Monday, 30 July, 2012