Chemours provides early tender results for 6 5/8% notes due 2023

Chicago, Nov. 25 – Chemours Co. provided the early results regarding its tender offer for its 6 5/8% senior notes due May 15, 2023 (Cusips: 163851AB4, 163851AA6, U16309AA1) in a press release Wednesday evening.

As of the early tender deadline of 5 p.m. ET on Nov. 25, the company had received tenders from noteholders representing $781,354,000 of the $907,910,000 outstanding principal amount.

Noteholders who tendered by the early deadline will receive the full consideration, which includes a $30 early tender payment, of $1,017.94. Interest will also be paid.

The offer expires at midnight ET on Dec. 10. Final settlement is expected for two business days after the expiration.

The company was also soliciting consents to amend the indenture governing the notes.

The amendments are designed to shorten the minimum notice periods under the indenture for the optional redemption of the notes by Chemours.

The company has already received enough consents to execute the amendments. The amendments will become operative on the early settlement date, Nov. 27.

Previously reported, Chemours will redeem any notes that remain outstanding at a price equal to 101.656, plus interest.

J.P. Morgan Securities LLC (866 834-2045) is the dealer manager and solicitation agent.

Global Bondholders Services Corp. (866 470-4200, 212 430-3774; contact@gbsc-usa.com, http://www.gbsc-usa.com/Chemours/) is the depositary and information agent.

Chemours is a Wilmington, Del.-based provider of performance chemicals.

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