Celanese Refinances Secured Credit Facility with New Unsecured Facility
Celanese Corporation (NYSE: CE), a global technology and specialty materials company, announced that it successfully completed a
debt transaction on July 15, 2016, to refinance its secured credit facility with a new credit facility consisting of a $500 million
unsecured term loan and a $1 billion unsecured revolver, each maturing in July 2021. The existing secured credit facility was
terminated accordingly. “This transaction represents a key step in the progression towards our goal of an Investment Grade credit
rating,” said Chris Jensen, Chief Financial Officer.
About Celanese
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 two complementary business cores, Acetyl Chain and Materials
Solutions, use the full breadth of Celanese’s global chemistry, technology and business expertise to create value for our customers
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 7,000
employees worldwide and had 2015 net sales of $5.7 billion. For more information about Celanese Corporation and its product
offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
Forward-Looking Statements
This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives,
goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not
historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,”
“projects,” “plans,” “intends,” “believes,” 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 benefits or that these expectations will prove correct. There
are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements
contained in this release. Numerous factors, many of which are beyond the company’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 the company’s
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 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.
All registered trademarks are owned by Celanese International Corporation or its affiliates.
Celanese Corporation
Investor Relations
Chuck Kyrish, +1-972-443-4574
Chuck.Kyrish@celanese.com
or
Media Relations - Global
Travis Jacobsen, +1-972-443-3750
William.Jacobsen@celanese.com
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