Tender Offer - CNA HOLDINGS LLC
Form Type: 424B5
Filing Date: 2025-03-10
Corporate Action: Tender-offer
Type: New
Accession Number: 000162828025011755
Filing Summary: CNA Holdings LLC, through its wholly-owned subsidiary Celanese US Holdings LLC, is offering €750,000,000 aggregate principal amount of 5.000% Senior Notes due 2031. The notes will carry interest payable semi-annually and are set to mature on April 15, 2031. These notes are guaranteed by Celanese Corporation and its subsidiaries. The offering has a low-risk profile as the notes rank equally with current and future unsecured senior debt while also being subordinated to secured debt. The issuer may redeem the notes under specified conditions after October 15, 2027. Approximately €740.4 million is expected as net proceeds from this offering, which will be used to fund a tender offer for existing Senior Notes due in 2026 and 2027 along with general corporate purposes. The offering involves a team of joint book-running managers, and the notes are anticipated to be listed on the NYSE.
Additional details:
Note Amount: €750,000,000
Interest Rate: 5.000%
Maturity Date: 2031-04-15
Guarantors: Celanese Corporation
Expected Net Proceeds: €740.4 million
Used For Tender Offer: Yes
Listing Exchange: NYSE
Form Type: 424B5
Filing Date: 2025-03-10
Corporate Action: Tender-offer
Type: New
Accession Number: 000162828025011759
Filing Summary: CNA HOLDINGS LLC, through its wholly-owned subsidiary Celanese US Holdings LLC, is offering $700,000,000 in 6.500% Senior Notes due 2030 and $1,100,000,000 in 6.750% Senior Notes due 2033. The offering aims to raise approximately $1.78 billion in net proceeds. These proceeds will be used to fund a tender offer for outstanding Senior Notes due 2026 and 2027, repay existing obligations, and for general corporate purposes. The notes will be issued in denominations of $2,000, and interest will be paid semi-annually. The offering also includes important details about redemption options and ranking of liabilities, emphasizing the notes as unsecured obligations backed by guarantees from the parent company and subsidiaries.
Additional details:
Offering Amount: 700000000
Interest Rate 2030: 6.500%
Maturity Date 2030: 2030-04-15
Offering Amount 2033: 1100000000
Interest Rate 2033: 6.750%
Maturity Date 2033: 2033-04-15
Expected Net Proceeds: 1780000000
Use Of Proceeds: fund the tender offer, repay outstanding borrowings, and general corporate purposes
Form Type: 424B5
Filing Date: 2025-03-05
Corporate Action: Tender-offer
Type: New
Accession Number: 000162828025010254
Filing Summary: CNA Holdings LLC is offering €500,000,000 of % Senior Notes due 2031. The interest on these notes will be paid annually in cash. The notes will be guaranteed by Celanese Corporation and will rank equally with existing unsecured senior debt. The proceeds will be used for a tender offer for outstanding Senior Notes due 2026 and 2027, to repay loans, and for general corporate purposes. The offering involves risks, and the notes are expected to be listed on the NYSE, subject to approval.
Additional details:
Offering Amount: €500,000,000
Notes Currency: €
Maturity Date: 2031
Interest Payment Frequency: annual
Minimum Denominations: €100,000
Use Of Proceeds: fund the tender offer for outstanding Senior Notes, repay loans, and for general corporate purposes.
Form Type: 424B5
Filing Date: 2025-03-05
Corporate Action: Tender-offer
Type: New
Accession Number: 000162828025010255
Filing Summary: CNA Holdings LLC is offering senior notes amounting to $500 million due 2030 and $1 billion due 2033, aimed at financing a tender offer for a portion of its existing senior notes. The issuance supports the repayment of outstanding borrowings and is tied to its financial strategy for debt management. The notes are guaranteed by Celanese Corporation and other subsidiaries, ranking equally with existing unsecured debts and structurally subordinated to secured debts. The detailed use of proceeds outlines that the funds will cover the Tender Offer Notes, meaning this corporate action is a significant restructuring involving debt management strategies. The document also outlines various risks related to the notes, particularly in market acceptance and economic conditions.
Additional details:
Senior Notes 2030 Amount: $500,000,000
Senior Notes 2033 Amount: $1,000,000,000
Coupon Rate 2030: %
Coupon Rate 2033: %
Expected Net Proceeds: approximately $
Tender Offer Description: for a portion of the outstanding 4.777% Senior Notes due 2026 and 6.165% Senior Notes due 2027
Guarantors: Celanese Corporation and Subsidiary Guarantors
Notes Maturity Dates: 2030 and 2033
Minimum Denomination: $2,000
Use Of Proceeds: tender offer, repayment of outstanding borrowings under credit agreements, general corporate purposes
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