Celanese Corporation Announces Pricing of Notes Tender Offers
DALLAS, March 19, 2025
Celanese Corporation (NYSE: CE), a leading global chemical and specialty materials company, recently announced the pricing of cash tender offers (the “Tender Offers”) by its direct wholly-owned subsidiary Celanese US Holdings LLC (the “Company”) to purchase certain series of its outstanding notes. The following details the terms and conditions of the Tender Offers:
Terms of the Tender Offers
The Company is offering to purchase for cash:
- €552,082,000 aggregate principal amount of 4.777% Senior Notes due 2026 (the “EUR Notes”); and
- $500,000,000 aggregate principal amount of 6.415% Senior Notes due 2027 (the “USD Notes”),
as described in the table below:
| Series | Outstanding Principal Amount | Offered Price | Total Consideration |
|---|---|---|---|
| EUR Notes | €552,082,000 | €1,015.00 per €1,000 principal amount | €561,755,360 |
| USD Notes | $500,000,000 | $1,015.00 per $1,000 principal amount | $507,500,000 |
Tender Conditions
The Company will accept:
- €552,082,000 aggregate principal amount of EUR Notes, which is an amount sufficient to accept all EUR Notes validly tendered and not validly withdrawn prior to the Early Tender Time;
- $500,000,000 aggregate principal amount of USD Notes validly tendered and not validly withdrawn as of the Early Tender Time (such amounts, the “Series Cap”).
Effect on Individual Investors
The Tender Offers may impact individual investors holding the specified Celanese notes. If you hold these notes and wish to participate in the tender offer, you must tender your notes before the Early Tender Time to ensure acceptance. The total consideration you will receive is determined by the offered price and the Series Cap.
Effect on the World
The Tender Offers may have a ripple effect on the global financial markets. Celanese’s decision to repurchase a significant portion of its outstanding debt may lead to increased demand for similar securities in the market, potentially driving up prices. Additionally, this transaction could serve as a signal to other companies in the chemical industry to consider similar debt restructuring initiatives, affecting investor sentiment and market trends.
Conclusion
Celanese Corporation’s Tender Offers to purchase certain series of its outstanding notes represent a strategic financial move for the company. Individual investors holding the affected securities should carefully review the terms and conditions of the offer and consider their options. Meanwhile, the potential implications of this transaction on the global financial markets warrant close attention from investors and analysts alike.
For more information, please consult the official press release from Celanese Corporation or contact your financial advisor.
