DALLAS–( COMPANY WIRE)– Celanese Corporation (NYSE: CE), a worldwide innovation and specialty
products business, today revealed that it has released a deal to
refinance its existing protected credit center with a brand-new credit
facility including an unsecured term loan and an unsecured revolver.
” In 2012, we developed an objective of working towards investment
grade. Since that time, we have driven significant incomes development and
have deleveraged our balance sheet, and our credit metrics are well
within financial investment grade levels,” stated Mark Rohr, chairman and chief
executive officer. “Relocating to an investment grade credit score is a.
natural step in the development of Celanese. Preserving a strong balance.
sheet will even more enable our growth methods, reinforce our.
disciplined Mamp; A method, support the execution of our shareholder money.
return dedications and lower our expense of borrowing. We consider to maintain.
a targeted leverage ratio of gross financial obligation to EBITDA of 2.0 or lower on a.
long-lasting basis,” stated Rohr.
Celanese Corporation is a global innovation leader in the production.
of separated chemistry options and specialized products utilized in.
most major industries and consumer applications. Our 2 complementary.
company cores, Acetyl Chain and Materials Solutions, use the complete.
breadth of Celanese’s global chemistry, innovation and company.
knowledge to develop value for our customers and the corporation. As we.
partner with our consumers to solve their most critical company requirements,.
we make every effort making a positive effectinfluence on our neighborhoods and the world.
through The Celanese Structure. Based in Dallas, Celanese uses.
roughly 7,000 employees around the world and had 2015 net sales of $5.7.
billion. For more infoTo find out more about Celanese Corporation and its item.
offerings, visitï¿½www.celanese.com or. our blog at www.celaneseblog.com. Forward-Looking Statements.
This release might contain” forward-looking declarations, “which consist ofthat include. information concerning the business’s strategies, objectives, goals,. methods, future incomes or performance, capital expenses,. funding needs and other info that is not historic. info. When utilized in this release, the words “outlook, “” forecast,”.
” price quotes,” “expects,” “prepares for,” “tasks,” “strategies,” “means,”.
” thinks,” and variations of such words or comparable expressions are.
planned to determine positive statements. All forward-looking.
declarations are based upon existing expectations and beliefs and numerous.
presumptions. There can be no guarantee that the company will recognize.
these benefits or that these expectations will prove right. There are.
a number of dangers and uncertainties that might trigger real resultsresult in.
differ materially from the positive statements contained in this.
release. Various aspects, manya lot of which are beyond the business’s.
control, might cause real results to vary materially from those.
revealed as forward-looking statements. Other risk elements include.
those that are discussed in the company’s filings with the Securities.
and Exchange Commission. Any forward-looking declaration speaks just since.
the date on which it is made, and the business carries out no obligation.
to upgrade any forward-looking declarations to show events or.
circumstances after the date on which it is made or to show the.
incident of expected or unanticipated events or situations.
All registered hallmarks are owned by Celanese International.
Corporation or its affiliates.