Celanese Corporation announced cash tender offers for up to $1,000,000,000 aggregate principal amount of its 6.665% Senior Notes due 2027 and 6.850% Senior Notes due 2028.
The offer is being made by Celanese's wholly-owned subsidiary Celanese US Holdings LLC.
Holders have the opportunity to tender their notes for cash consideration.
Offer Details
Up to $1 billion aggregate principal amount available for purchase.
Series Cap
No more than $100 million aggregate principal amount of the 2028 Notes will be purchased.
Expiration Date
Tender offers expire on December 31, 2025, unless extended or terminated earlier.
Early Tender Time
Holders must tender their notes before December 15, 2025, to be eligible for the Total Consideration.
Withdrawal Deadline
Notes can be withdrawn until December 15, 2025, after which no withdrawal is allowed.
- The offer provides an opportunity for holders to receive cash for their notes before the specified deadline.
- Holders need to carefully consider the terms of the tender offers to maximize their benefits.
- The satisfaction of certain conditions, like the Financing Condition, is crucial for the successful completion of the tender offers.
Celanese's cash tender offers present a strategic move reflecting the company's financial management priorities and commitment to bondholders.