Analyst Summary
- Celanese US Holdings LLC completed offerings of $700 million 6.500% Senior Notes due 2030, €750 million 5.000% Senior Notes due 2031 and $1.1 billion 6.750% Senior Notes due 2033.
- The proceeds will be used to fund a tender offer for outstanding 4.777% Senior Notes due 2026 and 6.165% Senior Notes due 2027.
- A portion of the proceeds will repay borrowings under the company’s term loan credit agreement due 2027 and revolving credit facility due 2027.
- The proceeds will also repay the Issuer’s outstanding 6.050% Senior Notes due March 15, 2025 and for general corporate purposes, which may include the repayment of other outstanding indebtedness.
- The notes are guaranteed on a senior unsecured basis by Celanese Corporation and initially by the Subsidiary Guarantors.
- The notes pay interest semi-annually, in arrears, on April 15 and October 15 of each year, beginning on October 15, 2025.