Celanese Announces Cash Tender Offers for up to $1,000,000,000 Aggregate Principal Amount of 6.665% Senior Notes due 2027 and 6.850% Senior Notes due 2028

Core Viewpoint - Celanese Corporation has initiated cash tender offers to purchase up to $1 billion of its outstanding senior notes, specifically targeting the 6.665% Senior Notes due 2027 and the 6.850% Senior Notes due 2028, with specific caps on the amount of each series to be purchased [1][2][4]. Group 1: Tender Offer Details - The total principal amount targeted for purchase is $1,000,000,000, with a cap of $100,000,000 for the 2028 Notes [1][4]. - The tender offers will expire at 5:00 p.m. New York City time on December 31, 2025, unless extended or terminated earlier [4][5]. - Notes purchased will be retired and cancelled following the tender offers [2][4]. Group 2: Financial Terms - The early tender payment for the 2027 Notes is set at $987.50 per $1,000 principal amount, while the total consideration including accrued interest is $1,037.50 [3]. - For the 2028 Notes, the early tender payment is $1,005.00, with a total consideration of $1,055.00 [3]. - The interest rates on the 2027 and 2028 Notes have increased to 7.165% and 7.350%, respectively, reflecting a 0.50% rise from their original rates [4]. Group 3: Conditions and Procedures - The tender offers are subject to a "Financing Condition," which requires the completion of a concurrent offering of new debt securities [6]. - Holders must validly tender their notes by December 15, 2025, to be eligible for the early tender payment [5][6]. - Notes can be withdrawn prior to the withdrawal deadline of December 15, 2025 [6][10]. Group 4: Management and Contacts - BofA Securities is the Lead Dealer Manager for the tender offers, with Citigroup, Deutsche Bank Securities, and TD Securities serving as Co-Dealer Managers [12]. - D.F. King & Co., Inc. is the Information and Tender Agent for the offers [12][13].