The Chemours Company Announces Private Offering of $600,000,000 of Senior Notes Due 2033
Chemours (NYSE: CC) has announced plans to offer $600 million in senior notes due 2033. The notes will be senior unsecured obligations guaranteed by certain subsidiaries. The company plans to use the proceeds to redeem all outstanding euro-denominated 4.000% senior notes due 2026, with the remainder allocated for general corporate purposes. The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
Chemours (NYSE: CC) ha annunciato piani per offrire 600 milioni di dollari in note senior con scadenza nel 2033. Le note saranno obbligazioni senior non garantite, garantite da alcune sussidiarie. L'azienda prevede di utilizzare i proventi per rimborsare tutte le note senior denominate in euro al 4,000% con scadenza nel 2026, destinando il rimanente a scopi generali aziendali. L'offerta è disponibile esclusivamente per acquirenti istituzionali qualificati ai sensi della Regola 144A e soggetti non statunitensi ai sensi della Regolamentazione S del Securities Act.
Chemours (NYSE: CC) ha anunciado planes para ofrecer 600 millones de dólares en notas senior con vencimiento en 2033. Las notas serán obligaciones senior no garantizadas, garantizadas por ciertas filiales. La empresa planea utilizar los ingresos para redimir todas las notas senior denominadas en euros del 4.000% que vencen en 2026, con el resto asignado para propósitos corporativos generales. La oferta está disponible exclusivamente para compradores institucionales calificados bajo la Regla 144A y personas no estadounidenses bajo la Regulación S de la Ley de Valores.
케모어스 (NYSE: CC)가 2033년 만기인 6억 달러 규모의 고급채권을 제공할 계획을 발표했습니다. 해당 채권은 일부 자회사가 보증하는 비보장 고급채무입니다. 회사는 수익금으로 2026년 만기인 유로화 표시 4.000% 고급채권을 모두 상환할 예정이며, 나머지 금액은 일반 기업 목적에 사용할 예정입니다. 이 제안은 144A 규정에 따라 자격을 갖춘 기관 구매자와 증권법의 S 규정에 따라 비미국인에게 독점적으로 제공됩니다.
Chemours (NYSE: CC) a annoncé son intention d'offrir 600 millions de dollars sous forme de billets seniors arrivant à échéance en 2033. Les billets seront des obligations seniors non garanties, garanties par certaines filiales. L'entreprise prévoit d'utiliser les produits pour racheter tous les billets seniors en euros à 4,000% arrivant à échéance en 2026, le reste étant alloué à des fins générales de l'entreprise. L'offre est exclusivement réservée aux acheteurs institutionnels qualifiés selon la règle 144A et aux personnes non américaines selon la réglementation S de la loi sur les valeurs mobilières.
Chemours (NYSE: CC) hat Pläne angekündigt, Anleihen im Wert von 600 Millionen Dollar mit Fälligkeit im Jahr 2033 anzubieten. Die Anleihen werden unbesicherte Seniorverbindlichkeiten sein, die von bestimmten Tochtergesellschaften garantiert werden. Das Unternehmen plant, die Erlöse zu verwenden, um alle noch ausstehenden Euro-denominierten Senioranleihen mit einem Zinssatz von 4,000%, die im Jahr 2026 fällig werden, zurückzukaufen, wobei der Rest für allgemeine Unternehmenszwecke vorgesehen ist. Das Angebot ist ausschließlich für qualifizierte institutionelle Käufer gemäß Regel 144A und für Personen außerhalb der USA gemäß der Regulierung S des Securities Act verfügbar.
- Refinancing of existing debt with potential for improved terms
- Strategic debt management through redemption of euro-denominated notes
- Increase in long-term debt obligations
- Additional interest payment obligations through 2033
Insights
This
The refinancing of the 4.000% euro notes indicates potential cost optimization, though the new interest rate remains undisclosed. This private placement to qualified institutional buyers suggests strong institutional interest in Chemours' debt, despite recent market volatility. With a market cap of
The Notes and related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside
The Notes and related guarantees have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in
About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in
For more information, we invite you to visit chemours.com or follow us on X (formerly Twitter) @Chemours or LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words “believe,” “expect,” “will,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date such statements were made. These forward-looking statements address, among other things, the offering of Notes and Chemours’ intended use of the net proceeds therefrom, which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the ability of Chemours to complete the offering on favorable terms, if at all, and general market conditions which might affect the offering. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond Chemours’ control. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include whether the offering of Notes is completed and other risks, uncertainties and other factors discussed in Chemours’ filings with the
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INVESTORS
Brandon Ontjes
Vice President, Investor Relations
+1.302.773.3300
investor@chemours.com
Kurt Bonner
Manager, Investor Relations
+1.302.773.0026
investor@chemours.com
NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com
Source: The Chemours Company
FAQ
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