Celanese unit plans to redeem $600 million 6 5/8% notes due 2018

By Susanna Moon

Chicago, Sept. 8 – Celanese Corp. said its wholly owned subsidiary, Celanese US Holdings LLC, plans to use the proceeds of a notes issue to redeem its $600 million of 6 5/8% senior notes due 2018.

The company plans to offer €300 million principal amount of senior notes due 2019, according to a company press release.

Concurrent with the offering, the company plans to amend its senior credit facility, which is expected to include increasing the size of the revolver, extending the maturity date of the revolver and extending the maturity date of all or a portion of the term loan facilities.

Celanese is a Dallas-based chemicals company.

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