Celanese to pay down term loans due 2014 with note offering proceeds

By Marisa Wong

Madison, Wis., May 2 - Celanese US Holdings LLC said it plans to repay certain outstanding term loans under its senior credit facilities with proceeds from an offering of senior notes.

The term loans, which are due April 2, 2014, currently bear interest at Libor plus 150 basis points.

Celanese is a Dallas-based chemical company.

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