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The Dow Chemical Company InterNotes: Key Details and Redemption Terms

Strategic Insights

— 1 min read

The Dow Chemical Company has announced the availability of certain tranches of its InterNotes, which are senior unsecured notes issued under its Debt Issuance Facility. The InterNotes are due on August 15, 2028, 2033, and 2053, with respective face values of $500,000, $203,000, and $2,117,000. The notes carry interest rates of 5.050%, 5.450%, and 6.050%, respectively, and are callable at 100% of their principal amount on February 15, 2024, and any time thereafter.

Key Takeaways:

  • The Dow Chemical Company has issued InterNotes with different interest rates, maturity dates, and face values.
  • The InterNotes are senior unsecured notes, meaning they are not backed by any collateral.
  • The notes are callable at 100% of their principal amount on February 15, 2024, and any time thereafter.
  • Investment advisers and selected dealers may offer notes at a discount to the public offering price.
  • Notes purchased by selected dealers in level-fee and retirement accounts may be sold at a discount up to 0.8500%-2.4000% to the public offering price.
  • Joint Lead Managers and Lead Agents are InspereX LLC, Citigroup, and Wells Fargo Advisors.

Statistics:

  • Face values: $500,000, $203,000, and $2,117,000 for the 2028, 2033, and 2053 tranches, respectively.
  • Interest rates: 5.050%, 5.450%, and 6.050% for the 2028, 2033, and 2053 tranches, respectively.
  • Callable at: 100% of the principal amount on February 15, 2024, and any time thereafter.
  • Public offering rates: Unclear, as the text does not provide specific rates for the public offering.

Sources:

  • EDGAR Online via COMTEX.
  • COMTEX_438441954/2255/2023-08-14T17:29:29.
  • Cybernet Data Systems, Inc. All Rights Reserved.

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