MOSCOW (MRC) -- Celanese Corporation, a global specialty materials company, has announced that its subsidiary, Celanese US Holdings LLC, has completed its registered offering of EUR500 million of 2.125 percent Senior Notes due 2027, as per the company's press release.
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.
As MRC informed earlier, Celanese Corporation increased November list and off-list selling prices for Ateva EVA polymers in Asia and the Americas. The price increases below were effective for orders shipped on or after November 1, 2018, or as contracts otherwise allow, and were incremental to any previously announced increases. Thus, the company's EVA prices went up by USD110/mt for Asia, by USD0.05/mt - for USA & Canada and by USD110/mt - for Mexico & South America.
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. Based in Dallas, Celanese employs approximately 7,600 employees worldwide and had 2017 net sales of USD6.1 billion.