Celanese Corporation (NYSE:CE), a global specialty materials company, announced that its subsidiary, Celanese US Holdings LLC, has completed its registered offering of ‚¬500 million of 2.125 percent Senior Notes due 2027 (the Notes). The Notes are guaranteed on a senior unsecured basis by the company and certain Celanese domestic subsidiaries. Proceeds from the notes were primarily used to refinance an existing term loan maturing in 2021.
This transaction extends our debt maturity profile and reduces our interest expense at the same time. We continue to grow earnings and cash flow while also improving the strength of our balance sheet, said Scott Richardson, Senior Vice President and Chief Financial Officer.
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 businesses use the full breadth of Celanese’s global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders 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 employs approximately 7,700 employees worldwide and had 2017 net sales of $6.1 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
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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.
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