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Celanese US Holdings LLC Announces Commencement of Exchange Offer
Monday 21. March 2011 - Celanese Corporation (NYSE: CE) (the "Company") today announced that its wholly-owned subsidiary, Celanese US Holdings LLC (the "Issuer"), has commenced its offer to exchange up to $600 million principal amount of newly issued 6 5/8% Senior Notes due 2018, registered under the Securities Act of 1933, for a like principal amount of its outstanding, privately placed 6 5/8% Senior Notes due 2018. The newly issued notes will be guaranteed by the Company and certain domestic subsidiaries of the Company.
The outstanding notes were privately placed in September 2010. The Issuer is making this exchange offer to satisfy its obligations under a registration rights agreement relating to the outstanding notes, pursuant to which the Issuer committed to use its commercially reasonable efforts to issue notes registered under the Securities Act of 1933, which notes generally can be publicly traded, in exchange for the outstanding, privately placed notes, which are subject to certain transfer restrictions. The exchange offer will not affect the Issuer or the Companys outstanding debt levels, as new notes issued pursuant to the registration under the Securities Act will be issued only upon cancellation of a like amount of currently outstanding notes.
The Issuer will accept for exchange any and all outstanding notes validly tendered on or before 5:00 p.m., New York City time, on April 12, 2011, unless the exchange offer is extended. The exchange offer is made only pursuant to the Issuers prospectus dated March 15, 2011, which has been filed with the Securities and Exchange Commission. The Issuer has not authorized any person to provide information other than as set forth in the prospectus.
Copies of the prospectus and transmittal materials governing the exchange offer can be obtained from the exchange agent, Wells Fargo Bank, National Association, by calling (800) 344-5128, by faxing a request to (612) 667-6282, or by writing via mail or overnight courier to Wells Fargo Bank, National Association, Corporate Trust Operations, MAC N9303-121101, Sixth & Marquette Avenue, Minneapolis, MN 55479. This announcement is not an offer to sell any securities, nor a solicitation of any offer to buy or exchange any securities. The exchange offer is made solely pursuant to the prospectus dated March 15, 2011, including any supplements thereto.