Attached files
| file | filename |
|---|---|
| EX-4.2 - EX-4.2 - Celanese Corp | d82124exv4w2.htm |
| EX-5.1 - EX-5.1 - Celanese Corp | d82124exv5w1.htm |
| EX-4.1 - EX-4.1 - Celanese Corp | d82124exv4w1.htm |
| EX-4.3 - EX-4.3 - Celanese Corp | d82124exv4w3.htm |
| EX-10.1 - EX-10.1 - Celanese Corp | d82124exv10w1.htm |
| 8-K - FORM 8-K - Celanese Corp | d82124e8vk.htm |
Exhibit
99.1
| Celanese Corporation 1601 West LBJ Freeway Dallas, Texas 75234-6034 |
Celanese Corporation Completes Offering of $400 Million of Senior Unsecured Notes
DALLAS,
May 6, 2011 --- Celanese Corporation (NYSE: CE) (the “Company”) today announced that
its wholly-owned subsidiary, Celanese US Holdings LLC, had successfully completed an offering of
$400 million in aggregate principal amount of senior unsecured notes at 5⅞ percent due 2021 (the
“Notes”) on May 6, 2011. The Company used the net proceeds from the offering, plus approximately
$120 million of its cash on hand, to retire existing senior secured credit facility indebtedness
that was set to mature in 2014.
“The execution of this transaction is consistent with Celanese’s ongoing strategy of maintaining a
flexible, low cost and stable capital structure,” said Steven Sterin, senior vice president and
chief financial officer. “With current strong unsecured credit market conditions, we further
extended our debt maturity profile while reducing secured debt in our capital structure. We also
continued to improve our credit profile with additional deleveraging of our balance sheet.”
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the
offered Notes, nor shall there be any sales of Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.
###
Contact:
Investor Relations
Mark Oberle
Phone: +1 972 443 4464
Telefax: +1 972 443 8519
Mark.Oberle@celanese.com
Mark Oberle
Phone: +1 972 443 4464
Telefax: +1 972 443 8519
Mark.Oberle@celanese.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 “will,” “intends,” “expects,” “outlook,” “forecast,” “estimates,”
“anticipates,” “projects,” “plans,” “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 expectations or that these beliefs will prove correct. The company’s
ability to successfully complete the transactions referred to in this press release is subject to
numerous factors and contingencies, many of which are beyond the company’s control. These include
local and national economic, credit and capital market conditions, including prevailing interest
rates; legal and regulatory developments, including changes to tax rates, applicable securities
regulations or accounting standards; and geopolitical conditions, including the occurrence of acts
of war or terrorist incidents or natural disasters. Any of these factors or others not named
herein could cause the company to abandon the referenced transactions or cause the company’s actual
results to differ materially from those expressed as forward-looking statements. In addition,
other risk factors that could cause actual results to differ materially from the forward-looking
statements contained in this release 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 statement
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.