Chemours Co Stock Price, News & Analysis

The Chemours Company (NYSE: CC) recently announced its inaugural Carrier of the Year Awards, recognizing excellence in transporting Ti-Pure™ titanium dioxide. Marten Transport received the Platinum award with over a 99% on-time pickup rate, while Freightworks Transportation & Logistics earned the Gold award, boasting over 98% on-time delivery. The evaluation considered metrics from 2020 to 2021, such as on-time delivery and customer service. Chemours highlighted the significant role these carriers played amid supply chain challenges, emphasizing the importance of partnership in meeting customer needs.

The Chemours Company (NYSE: CC), a leader in Titanium Technologies and Chemical Solutions, has appointed Sandra Phillips Rogers to its board of directors, effective October 1, 2021. Currently the chief legal officer and chief diversity officer at Toyota Motor North America, Rogers brings extensive experience in leadership and diversity initiatives. Her appointment increases board diversity to 40% women. Mark Vergnano, Chemours chairman, and Mark Newman, CEO, expressed confidence in her ability to contribute to Chemours' strategic goals.

On August 18, 2021, The Chemours Company (NYSE: CC) announced the successful completion of a private offering of $650 million in 4.625% senior unsecured notes due 2029. The proceeds will primarily fund the cash tender offer for its outstanding 7.000% senior notes due 2025. These notes are exempt from registration under the Securities Act, being offered only to qualified institutional buyers. The offering is expected to optimize Chemours' debt structure, addressing existing obligations efficiently.

The Chemours Company (NYSE: CC) announced early tender results for its cash tender offer to purchase all outstanding 7.000% senior notes due 2025. As of August 17, 2021, approximately $462 million of the $750 million notes were tendered, representing 61.61% of the outstanding amount. The offer includes an early tender payment of $30 per $1,000 principal amount. The tender offer will expire on August 31, 2021, unless extended. Consents were received from a majority of note holders, enabling proposed amendments to the indenture to shorten notice periods for redemption.

The Chemours Company (NYSE: CC) has announced a private offering of $650 million in 4.625% senior unsecured notes due 2029, expected to close by August 18, 2021. The proceeds will primarily be used to fund the purchase of its existing 7.000% senior notes due 2025 through a cash tender offer. These notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers. This transaction aims to optimize Chemours' debt structure.

The Chemours Company (NYSE: CC) has initiated a cash tender offer for its outstanding 7.000% senior notes due 2025, with an aggregate principal amount of $750 million. The offer includes a consent solicitation for amendments to the indenture, aiming to shorten notice periods for optional redemptions. The tender offer will expire at midnight on August 31, 2021. Early tendering by August 17 will yield greater consideration. The offer is contingent upon the completion of a New Debt Financing and obtaining requisite consents. Chemours has also issued a notice of redemption for any remaining notes after the offer.

The Chemours Company (NYSE: CC) announced plans for a private offering of $650 million in fixed-rate senior unsecured notes. The proceeds will primarily fund the purchase of existing 7.000% senior notes due 2025 as part of a cash tender offer. The offering is exempt from federal registration requirements and targets qualified institutional buyers and non-U.S. persons. Chemours emphasizes that this is not an offer or solicitation in jurisdictions where it would be unlawful. The company continues to navigate challenges posed by the COVID-19 pandemic, which affects its operations and financial outlook.

The Chemours Company (NYSE: CC) reported impressive second quarter 2021 results with net sales of $1.7 billion, a 51% increase year-over-year. The net income stood at $66 million with an EPS of $0.39. Adjusted net income soared to $205 million and adjusted EPS reached $1.20, marking a significant $1.02 increase year-over-year. Free cash flow improved to $189 million, up $139 million year-over-year. The company also approved a $0.25 dividend per share for Q3 2021 and anticipates strong performance for the remainder of the year.

The Chemours Company (NYSE: CC) declared a quarterly cash dividend of $0.25 per share for Q3 2021, payable on September 15, 2021, to stockholders of record by August 16, 2021.

Chemours specializes in Titanium Technologies and various chemical solutions for diverse market sectors.