Celanese Corp Inks New Debt Agreements, Files 8-K

Ticker: CE · Form: 8-K · Filed: 2024-02-20T00:00:00.000Z

Sentiment: neutral

Topics: debt, material-agreement, financial-obligation

TL;DR

**Celanese just locked in new Euro-denominated debt, signaling active balance sheet management.**

AI Summary

Celanese Corp filed an 8-K on February 20, 2024, reporting on events that occurred on February 16, 2024. The filing details the entry into a material definitive agreement and the creation of a direct financial obligation. This includes information related to various Euro-denominated senior unsecured notes due between 2025 and 2029.

Why It Matters

This filing indicates Celanese Corp is actively managing its debt structure, which can impact its financial flexibility and future capital allocation strategies.

Risk Assessment

Risk Level: medium — The creation of new financial obligations, while common, always carries inherent risks related to interest rate changes and repayment capacity.

Key Players & Entities

FAQ

What was the conformed period of report for this 8-K filing?

The conformed period of report for this 8-K filing was February 16, 2024.

When was the 8-K filed with the SEC?

The 8-K was filed with the SEC on February 20, 2024.

What types of financial obligations were mentioned in the filing?

The filing mentioned Euro-denominated Senior Unsecured Notes with maturity dates in 2025, 2026, 2027, 2028, and 2029.

What specific items were reported under Item Information in the 8-K?

The 8-K reported 'Entry into a Material Definitive Agreement', 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant', and 'Financial Statements and Exhibits'.

What is Celanese Corp's Central Index Key (CIK)?

Celanese Corp's Central Index Key (CIK) is 0001306830.

From the Filing

0001306830-24-000014.txt : 20240220 0001306830-24-000014.hdr.sgml : 20240220 20240220160823 ACCESSION NUMBER: 0001306830-24-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240216 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Celanese Corp CENTRAL INDEX KEY: 0001306830 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 980420726 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32410 FILM NUMBER: 24653306 BUSINESS ADDRESS: STREET 1: 222 W. LAS COLINAS BLVD., SUITE 900N CITY: IRVING STATE: TX ZIP: 75039-5421 BUSINESS PHONE: 972-443-4000 MAIL ADDRESS: STREET 1: 222 W. LAS COLINAS BLVD., SUITE 900N CITY: IRVING STATE: TX ZIP: 75039-5421 FORMER COMPANY: FORMER CONFORMED NAME: Celanese CORP DATE OF NAME CHANGE: 20041102 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Crystal Holdings Capital Partners (Cayman) IV Ltd. DATE OF NAME CHANGE: 20041022 8-K 1 ce-20240216.htm 8-K ce-20240216 0001306830 false 0001306830 2024-02-16 2024-02-16 0001306830 us-gaap:CommonStockMember 2024-02-16 2024-02-16 0001306830 ce:EURSeniorUnsecuredNotesDue2025Member 2024-02-16 2024-02-16 0001306830 ce:EURSeniorUnsecuredNotesDue2026Member 2024-02-16 2024-02-16 0001306830 ce:EURSeniorUnsecuredNotesDue2027Member 2024-02-16 2024-02-16 0001306830 ce:EURSeniorUnsecuredNotesDue2028Member 2024-02-16 2024-02-16 0001306830 ce:EURSeniorUnsecuredNotesDue2029Member 2024-02-16 2024-02-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 20, 2024 ( February 16, 2024 ) CELANESE CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-32410 98-0420726       (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 222 West Las Colinas Blvd. Suite 900N , Irving , TX 75039 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: ( 972 )  443-4000 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s)  Name of Each Exchange on Which Registered Common Stock, par value $0.0001 per share CE The New York Stock Exchange 1.250% Senior Notes due 2025 CE /25 The New York Stock Exchange 4.777% Senior Notes due 2026 CE /26A The New York Stock Exchange 2.125% Senior Notes due 2027 CE /27 The New York Stock Exchange 0.625% Senior Notes due 2028 CE /28 The New York Stock Exchange 5.337% Senior Notes due 2029 CE /29A The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of

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