Celanese plans to amend, extend senior credit facility, upsize revolver

By Susanna Moon

Chicago, Sept. 8 – Celanese Corp. said it plans to amend and extend its senior credit facility concurrent with its plans to issue new five-year notes.

The company plans to increase the size of its revolver, extend the maturity of the revolver and extend the maturity of all or a portion of the term loan facilities, according to a company press release.

The company’s wholly owned subsidiary, Celanese US Holdings LLC, plans to redeem its $600 million of 6 5/8% senior notes due 2018 with the proceeds of its €300 million principal amount of senior notes due 2019.

Celanese is a Dallas-based chemicals company.

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