Celanese Corp Del Stock Price, News & Analysis

Celanese (NYSE: CE) has completed a series of refinancing transactions to extend its debt maturity profile and reduce borrowing costs. The company executed registered offerings of approximately $2.6 billion in senior notes, including $700 million due 2030, $1.1 billion due 2033, and €750 million due 2031.

The refinancing will extend the average debt maturity from 3.8 to 4.8 years and reduce 2025-2026 debt maturities from $2.8 billion to $1.1 billion. Through these transactions and a new Japanese yen cross-currency swap, Celanese's effective total net borrowing rate will decrease by approximately 9 basis points to 5.04%.

CFO Chuck Kyrish emphasized the company's commitment to reaching a targeted net debt to EBITDA metric of 3x through aggressive and prudent deleveraging actions.

Celanese (NYSE: CE) has announced pricing details for cash tender offers through its subsidiary Celanese US Holdings The tender offers target:

- €552,082,000 of 4.777% Senior Notes due 2026 (EUR Notes)
- $500,000,000 of 6.415% Senior Notes due 2027 (USD Notes)

The company received tenders of €552,082,000 in EUR Notes and $1,354,646,000 in USD Notes by the Early Tender Time on March 18, 2025. Due to full subscription at Early Tender Time, no additional tenders after this deadline will be accepted. The Early Settlement Date is expected to be March 21, 2025.

Holders who validly tendered before the Early Tender Time will receive the Total Consideration plus accrued and unpaid interest. J.P. Morgan Securities leads the tender offers, with BofA Securities and HSBC Securities as Co-Dealer Managers.

Celanese (NYSE: CE) announced the early results of tender offers by its subsidiary Celanese US Holdings to purchase senior notes. The company has increased the purchase caps to: (i) €552,082,000 of 4.777% Senior Notes due 2026 and (ii) $500,000,000 of 6.415% Senior Notes due 2027.

As of the Early Tender Time, €552,082,000 of EUR Notes and $1,354,646,000 of USD Notes were validly tendered. The company expects to pay for accepted notes on March 21, 2025 (Early Settlement Date). Due to full subscription at Early Tender Time, no additional notes tendered after this period will be accepted.

The Total Consideration will be determined on March 19, 2025, based on the applicable fixed spread and Reference Yield. The Financing Condition for the Tender Offers has been satisfied.

Celanese (NYSE: CE) has announced price increases for its vinyl acetate monomer (VAM), vinyl-based emulsions, redispersible powders (RDP) and other derivative products in the Western Hemisphere. The price adjustments will take effect on March 17, 2025 or as contracts allow.

Celanese, a global chemical and specialty materials company, reported 2024 net sales of $10.3 billion and employs approximately 12,200 people worldwide. The company focuses on producing specialty material solutions across major industries and consumer applications, with a commitment to sustainability and responsible materials management.

Celanese (NYSE: CE) has announced the pricing of a $2.6 billion senior unsecured notes offering through its subsidiary Celanese US Holdings The offering, upsized from $2.0 billion, includes:

• $700 million of 6.500% Senior Notes due 2030
• $1.1 billion of 6.750% Senior Notes due 2033
• €750 million (approximately $810 million) of 5.000% Senior Notes due 2031

The proceeds will fund tender offers for existing notes, repay term loan borrowings, cover revolving credit facility debt, and handle other corporate purposes. CFO Chuck Kyrish emphasized the company's commitment to proactively managing debt maturity profile while maintaining financial flexibility. The offering is expected to close around March 14, 2025.

Celanese (NYSE: CE) has announced cash tender offers through its subsidiary Celanese US Holdings to purchase up to €500 million of 4.777% Senior Notes due 2026 and $250 million of 6.415% Senior Notes due 2027.

The tender offers will expire on April 2, 2025, with an early tender deadline of March 18, 2025. Holders who tender before the early deadline will receive the Total Consideration including an Early Tender Payment. Those tendering after the early deadline will receive only the Tender Offer Consideration.

The offers are subject to conditions including a Financing Condition requiring completion of a new debt securities offering. The Early Settlement Date is expected to be March 21, 2025, with the Final Settlement Date anticipated for April 4, 2025. Notes purchased will be retired and cancelled.

Celanese (CE) has announced a collaboration with Baumit to provide sustainable paint and plaster solutions using carbon capture and utilization (CCU) technology. The partnership involves using Celanese's ECO-CC products to convert industrial CO2 emissions into chemical building blocks for vinyl acetate-based emulsions used in binder manufacturing.

The initiative is expected to reduce Baumit's render and paint products' carbon footprint by over 5,000 tons of CO2 emissions annually. The process promotes a circular economy by reducing fossil fuel inputs and tracking materials through mass balance accounting. This collaboration aligns with Baumit's GO2morrow sustainability goal to reduce CO2 equivalent emissions by 2030.

Baumit, a leading European manufacturer of thermal insulation composite systems, reported sales of €1.3 billion in 2024 and produces over 45 million square meters of thermal insulation yearly. Celanese, a Fortune 500 company, reported 2024 net sales of $10.3 billion with approximately 12,200 employees worldwide.

Celanese (NYSE: CE), a global specialty materials and chemical company, has announced price increases across its product range, effective March 1, 2025, or as contracts allow. Individual product grades may be subject to higher increases than specified.

The company, a Fortune 500 member with approximately 12,200 employees worldwide, reported 2024 net sales of $10.3 billion. Celanese focuses on producing specialty material solutions used across major industries and consumer applications, emphasizing sustainability through responsible materials management and expanding their sustainable products portfolio.

Celanese (NYSE: CE) reported full year 2024 financial results with a U.S. GAAP diluted loss per share of $13.86 and adjusted earnings per share of $8.37. Net sales decreased 6% to $10.3 billion, driven by a 4% price decline and 1% volume reduction. The company faced persistent weak global demand in automotive, paints, coatings, construction, and industrial markets.

For Q4 2024, CE reported net sales of $2.4 billion, down 10% sequentially due to 7% volume decrease, 2% price decline, and 1% currency impact. The quarter was affected by increased seasonality in Acetyl Chain and severe Western Hemisphere automotive and industrial destocking in Engineered Materials.

The company announced exceeding its targeted $75 million cost reduction goal for 2025 and plans to cease production at Luxembourg Mylar Specialty Films operations. CE appointed Scott Richardson as new CEO effective January 1, 2025.