DALLAS--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, announced that it successfully completed a debt transaction on July 15, 2016, to refinance its secured credit facility with a new credit facility consisting of a $500 million unsecured term loan and a $1 billion unsecured revolver, each maturing in July 2021. The existing secured credit facility was terminated accordingly. “This transaction represents a key step in the progression towards our goal of an Investment Grade credit rating,” said Chris Jensen, Chief Financial Officer.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our two complementary business cores, Acetyl Chain and Materials Solutions, use the full breadth of Celanese’s global chemistry, technology and business expertise to create value for our customers and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,000 employees worldwide and had 2015 net sales of $5.7 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
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