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CE Upsizes $1.4 Billion Notes Offering to Strengthen Liquidity
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Key Takeaways
Celanese lifts its notes issuance to $1.4B with new 2031 and 2034 senior notes.
The company plans to use proceeds to repay term loans and fund tender offers for 2027-2028 notes.
Celanese targets a smoother debt maturity profile and stronger liquidity amid shifting conditions.
Celanese Corporation’s (CE - Free Report) subsidiary, Celanese US Holdings LLC, announced pricing of a $1.4 billion registered notes offering. The offering, upsized from $1 billion, consists of $600 million of 7% Senior Notes due 2031 and $800 million of 7.375% Senior Notes due 2034. The notes will be guaranteed on a senior unsecured basis by Celanese and a few of its wholly-owned domestic subsidiaries.
The company expects the offering to close on or about Dec. 17, 2025, subject to customary conditions. Celanese plans to use the net proceeds to repay outstanding borrowings under its five-year term loan credit agreement due 2027 and to fund previously announced cash tender offers for a portion of its 6.665% Senior Notes due 2027 and 6.850% Senior Notes due 2028, along with any further debt repayments.
The transaction aims to manage its debt maturity profile while strengthening liquidity. The company is aligning its debt maturities over the next few years with a conservative outlook for free cash flow generation and divestiture proceeds. It will provide a summary of the offering’s impact. The move underscores Celanese’s broader strategy to proactively manage leverage while maintaining flexibility as it navigates evolving market conditions.
The company’s shares have lost 39.6% over the past year compared with the industry’s 8.7% decline.
Image Source: Zacks Investment Research
CE’s Zacks Rank & Key Picks
CE currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Kinross Gold Corporation (KGC - Free Report) , Fortuna Mining Corp. (FSM - Free Report) and Harmony Gold Mining Company Limited (HMY - Free Report) .
The Zacks Consensus Estimate for KGC’s current-year earnings is pegged at $1.66 per share, indicating a rise of 144.12%. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average surprise of 17.37%. KGC’s shares have risen 176.1% in the past year.
The Zacks Consensus Estimate for FSM’s current fiscal-year earnings is pinned at 81 cents per share, indicating 76.09% year-over-year increase.Its shares have surged 94.9% in the past year.
The Zacks Consensus Estimate for HMY’s 2026 earnings is pegged at $2.68 per share, indicating a rise of 111% from year-ago levels. HMY’s shares have gained 115.2% in the past year.
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CE Upsizes $1.4 Billion Notes Offering to Strengthen Liquidity
Key Takeaways
Celanese Corporation’s (CE - Free Report) subsidiary, Celanese US Holdings LLC, announced pricing of a $1.4 billion registered notes offering. The offering, upsized from $1 billion, consists of $600 million of 7% Senior Notes due 2031 and $800 million of 7.375% Senior Notes due 2034. The notes will be guaranteed on a senior unsecured basis by Celanese and a few of its wholly-owned domestic subsidiaries.
The company expects the offering to close on or about Dec. 17, 2025, subject to customary conditions. Celanese plans to use the net proceeds to repay outstanding borrowings under its five-year term loan credit agreement due 2027 and to fund previously announced cash tender offers for a portion of its 6.665% Senior Notes due 2027 and 6.850% Senior Notes due 2028, along with any further debt repayments.
The transaction aims to manage its debt maturity profile while strengthening liquidity. The company is aligning its debt maturities over the next few years with a conservative outlook for free cash flow generation and divestiture proceeds. It will provide a summary of the offering’s impact. The move underscores Celanese’s broader strategy to proactively manage leverage while maintaining flexibility as it navigates evolving market conditions.
The company’s shares have lost 39.6% over the past year compared with the industry’s 8.7% decline.
Image Source: Zacks Investment Research
CE’s Zacks Rank & Key Picks
CE currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Kinross Gold Corporation (KGC - Free Report) , Fortuna Mining Corp. (FSM - Free Report) and Harmony Gold Mining Company Limited (HMY - Free Report) .
At present, KGC sports a Zacks Rank #1 (Strong Buy), while FSM and HMY carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for KGC’s current-year earnings is pegged at $1.66 per share, indicating a rise of 144.12%. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average surprise of 17.37%. KGC’s shares have risen 176.1% in the past year.
The Zacks Consensus Estimate for FSM’s current fiscal-year earnings is pinned at 81 cents per share, indicating 76.09% year-over-year increase.Its shares have surged 94.9% in the past year.
The Zacks Consensus Estimate for HMY’s 2026 earnings is pegged at $2.68 per share, indicating a rise of 111% from year-ago levels. HMY’s shares have gained 115.2% in the past year.