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Eastman Chemical: Debt Servicing Isn’t a Problem

Peter Neil
Eastman Chemical: Debt Servicing Isn’t a Problem

Eastman Chemical’s (EMN) debt, which has decreased since 2015, was reflected in the declining interest expense. Since 2015, Eastman Chemical’s interest expense has fallen ~10% from $263 million to the projected $236 million for fiscal 2018. Eastman Chemical replaced notes that carried higher coupon rates with notes that carried lower coupon rates.