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Celanese US Holdings LLC Announces Results of Exchange Offer
Thursday 14. April 2011 - Celanese Corporation (NYSE: CE) (the "Company") today announced the results of the offer by its wholly-owned subsidiary, Celanese US Holdings LLC (the "Issuer"), 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.
According to information provided by the exchange agent, Wells Fargo Bank, National Association, $600 million aggregate principal amount, or 100%, of the privately placed 6 5/8% Senior Notes due 2018 were tendered for exchange in the exchange offer. The exchange offer expired at 5:00 p.m. New York City time on April 12, 2011.
The outstanding notes were privately placed in September 2010. The Issuer made 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 exchange offer will be issued only upon cancellation of a like amount of currently outstanding notes.
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 was made solely pursuant to the Issuers prospectus dated March 15, 2011, which has been filed with the Securities and Exchange Commission, including any supplements thereto.