Shearman And Sterling

News November 25, 2019

The Dow Chemical Company’s Senior Notes Exchange Offers

Shearman & Sterling advised The Dow Chemical Company (Dow) in connection with Dow’s offers to exchange up to $500,000,000 unregistered 3.150% senior notes due 2024, $500,000,000 unregistered 4.550% senior notes due 2025, $750,000,000 unregistered 3.625% senior notes due 2026, $600,000,000 unregistered 4.800% senior notes due 2028, $900,000,000 unregistered 5.550% senior notes due 2048 and $750,000,000 unregistered 4.800% senior notes due 2049 for an equivalent principal amount of new registered senior notes of each series. 

Dow is a wholly owned subsidiary of Dow Inc. (NYSE:DOW), a publicly traded company that recently separated from DowDuPont Inc. through a spin-off transaction. Dow combines one of the broadest technology sets in the industry with asset integration, focused innovation and global scale to achieve profitable growth and become the most innovative, customer centric, inclusive and sustainable materials science company. Dow’s portfolio of performance materials, industrial intermediates and plastics businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth segments, such as packaging, infrastructure and consumer care. 

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