Celanese Announces Early Results and Upsize of Tender Offers for 4.777% Senior Notes due 2026 and 6.415% Senior Notes due 2027

Core Viewpoint - Celanese Corporation is conducting early tender offers to purchase a total of €552,082,000 of 4.777% Senior Notes due 2026 and $500,000,000 of 6.415% Senior Notes due 2027, with increased Series Caps for both notes [1][2]. Group 1: Tender Offer Details - The tender offers are for cash purchases of validly tendered notes, with the total principal amount of EUR Notes and USD Notes being increased from previously announced amounts [1][2]. - As of the Early Tender Time, €552,082,000 of EUR Notes and$ 1,354,646,000 of USD Notes were validly tendered and not withdrawn [4]. - The Series Cap for the EUR Notes is set at €552,082,000, while the USD Notes have a Series Cap of $500,000,000 [6][8]. Group 2: Acceptance and Pricing - The Company expects to accept all validly tendered EUR Notes and$ 500,000,000 of USD Notes, with a pro rata acceptance for the USD Notes based on a proration factor of 36.40% [4][7]. - The Total Consideration for each €1,000 or $1,000 principal amount of Notes will be determined based on fixed spreads and reference yields, including an Early Tender Premium [9]. - Payment for the accepted Notes is expected to occur on March 21, 2025, following the pricing announcement [10]. Group 3: Company Overview - Celanese Corporation is a global leader in chemistry, producing specialty material solutions across major industries, with 2024 net sales reported at$ 10.3 billion [24].