Core Viewpoint - Celanese Corporation has successfully completed transactions to extend its debt maturity profile, improving liquidity and reducing total debt maturities significantly [2][4]. Group 1: Debt Transactions - Celanese US Holdings LLC completed a registered offering of $1.4 billion in notes, consisting of $600 million of 7.00% Senior Notes due 2031 and $800 million of 7.38% Senior Notes due 2034 [2][9]. - The net proceeds will be utilized to purchase $946 million of 6.67% Senior Notes due 2027 and $254 million of 6.85% Senior Notes due 2028, along with retiring the remaining $130 million of a term loan due 2027 [3][9]. Group 2: Financial Impact - Following these transactions, the average maturity of Celanese's debt is expected to increase from 4.1 years to 4.7 years, with total debt maturities between 2026 and 2028 reduced from $4.7 billion to $3.4 billion [4][9]. - The effective total net borrowing rate is projected to rise by approximately 2 basis points to about 5.31% [4][9]. Group 3: Strategic Outlook - The transactions align with Celanese's conservative outlook for free cash flow generation and aim to reduce net debt to 3x Operating EBITDA, while maintaining a commitment to cash generation and EBITDA growth [5]. - The company plans to deploy all available cash proceeds to lower leverage [5]. Group 4: Stock Performance - CE's shares have declined by 37% over the past year, contrasting with a 1.5% decline in the industry [7]. - CE currently holds a Zacks Rank of 3 (Hold) [8].