Celanese US plans to price fixed-rate notes in five tranches

By Devika Patel

Knoxville, Tenn., July 7 – Celanese Corp. subsidiary Celanese US Holdings LLC is expected to price dollar-denominated fixed-rate senior notes in five tranches, according to a 424B5 filing with the Securities and Exchange Commission.

Proceeds will be used with cash on hand and revolver borrowings to fund the company’s planned acquisition of the majority of the Mobility & Materials business of DuPont de Nemours, Inc.

The notes feature a make-whole call and then a par call and also will be callable if the acquisition does not settle.

BofA Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC are the bookrunners.

Computershare Trust Co., NA is the trustee.

Counsel to the issuer is provided by Gibson, Dunn & Crutcher LLP and to the underwriters by Cahill Gordon & Reindel LLP.

Celanese is a Dallas-based chemicals company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.