Celanese Announces Pricing Terms Of Cash Tender Offer For Certain Celanese US Holdings LLC Debt Securities
- Total Tender Offer Consideration includes an Early Tender Premium of $30 per $1,000 principal amount of Notes
- Aggregate Principal Amount Accepted for purchase is $1,472,890,000 for 5.900% Senior Notes due 2024
- Aggregate Principal Amount Accepted for purchase is $749,996,000 for 6.050% Senior Notes due 2025
- Aggregate Principal Amount Accepted for purchase is $27,114,000 for 3.500% Senior Notes due 2024
- None.
The applicable total consideration to be paid in the Tender Offer for each Series of Notes accepted for purchase was determined by reference to a fixed spread specified for such Series of Notes over the yield (the “Reference Yield”) based on the bid-side price of the applicable
In addition, all payments for Notes tendered on or before 5:00 p.m.,
The following table sets forth the aggregate principal amounts of each Series of Notes that the Company has accepted for purchase and pricing information for the Tender Offer:
Title of Security |
CUSIP / ISIN |
Aggregate Principal Amount Outstanding |
Acceptance Priority Level |
Reference |
Reference Yield |
Fixed Spread (basis points) (1) |
Aggregate Principal Amount Tendered as of the Early Tender Deadline |
Aggregate Principal Amount Accepted |
Final Proration Factor (2) |
Total Tender Offer Consideration (3) |
|
15089Q AR5/ US15089QAR56 |
|
1 |
|
|
45 |
|
|
|
|
|
15089Q AL8/ US15089QAL86 |
|
2 |
|
|
65 |
|
|
|
|
|
15089Q AJ3/ US15089QAJ31 |
|
3 |
|
|
40 |
|
|
|
|
(1) |
Includes the Early Tender Premium of |
(2) |
The final proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes. |
(3) |
Payable for each |
As previously announced, because the total aggregate principal amount of the Notes validly tendered prior to the Early Tender Deadline exceeded
The withdrawal rights for the Tender Offer expired at 5:00 p.m.,
Notes that have been validly tendered and not validly withdrawn at or before the Early Tender Deadline and are accepted in the Tender Offer will be purchased, retired and cancelled by the Company on the Early Settlement Date.
BofA Securities, Inc., J.P. Morgan Securities LLC and TD Securities (
This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Tender Offer is made only by the Offer to
About Celanese
Celanese Corporation is a global chemical 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
Forward-Looking Statements:
This release may contain “forward-looking statements,” which include information concerning the expected timing for completion of the Tender Offer and the expected settlement date thereof, other terms of the Tender Offer including the General Condition, and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “will” and variations of such words or similar expressions are intended to identify forward-looking statements. 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 by the forward-looking statements contained in this release. Numerous other factors, many of which are beyond Celanese’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in Celanese’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and Celanese undertakes no obligation to update any forward-looking statements 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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Celanese Contacts:
Investor Relations
Brandon Ayache
+1 972 443 8509
brandon.ayache@celanese.com
Media Relations – Global
Brian Bianco
+1 972 443 4400
media@celanese.com
Media Relations Europe (
Petra Czugler
+49 69 45009 1206
petra.czugler@celanese.com
Source: Celanese Corporation