Celanese Corporation Announces Pricing of Senior Notes Offering
DALLAS–(BUSINESS WIRE)–$CE #Celanese–Celanese Corporation (NYSE:CE), a global technology and specialty
materials company (the “Company”), today announced that its wholly owned
subsidiary, Celanese US Holdings LLC (the “Issuer”), priced a public
offering of €300 million aggregate principal amount of 1.25% Senior
Notes due 2025 (the “Notes”). The Notes will be guaranteed on a senior
unsecured basis by the Company and, initially, certain of the Issuer’s
U.S. subsidiaries.
The Company intends to use the net proceeds of the offering for a
voluntary contribution to fully fund its qualified U.S. pension plans.
Any excess proceeds would be used for general corporate purposes.
The Notes are being offered pursuant to the Company’s existing shelf
registration statement filed with the Securities and Exchange Commission
(the “SEC”). A prospectus supplement, together with the accompanying
prospectus, describing the terms of the offering will be filed with the
SEC. Before investing, you should read the prospectus in that
registration statement and the related prospectus supplement and other
documents the Issuer will file with the SEC for more complete
information about the Issuer and the Notes offering.
These documents may be obtained for free by visiting EDGAR on the SEC
website at http://www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any sale
of the Notes in any state or country in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or country.
About Celanese
Celanese Corporation is a global technology leader in the production
of differentiated chemistry solutions and specialty materials used in
most major industries and consumer applications. Our two complementary
business cores, Acetyl Chain and Materials Solutions, use the full
breadth of Celanese's global chemistry, technology and business
expertise to create value for our customers and the corporation. As we
partner with our customers to solve their most critical business needs,
we strive to make a positive impact on our communities and the world
through The Celanese Foundation. Based in Dallas, Celanese currently
employs approximately 7,500 employees worldwide and had 2016
net sales of $5.4 billion.
All registered trademarks are owned by Celanese International
Corporation or its affiliates.
Forward-Looking Statements
This release may contain "forward-looking statements," which include
information that is not historical information. All forward-looking
statements are based upon current expectations and beliefs and various
assumptions. There can be no assurance that the Company will realize
these expectations or that these beliefs will prove correct. There are a
number of risks and uncertainties that could cause actual results to
differ materially from the results expressed or implied in the
forward-looking statements contained herein. These risks and
uncertainties and various other factors are discussed from time to time
in the Company's periodic filings with the Securities and Exchange
Commission. Any forward-looking statement speaks only as of the date on
which it is made, and the Company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the
date on which it is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances.
Contacts
Celanese Corporation
Investor Relations
Surabhi
Varshney, +1-972-443-3078
[email protected]
or
Media
Relations – Global
W. Travis Jacobsen, +1-972-443-3750
[email protected]
or
Media
Relations Asia (Shanghai)
Helen Zhang, +86 21 3861 9279
[email protected]
or
Media
Relations Europe (Germany)
Jens Kurth, +49(0)69 45009 1574
[email protected]