Celanese 8-K Details Exit Costs, Senior Unsecured Notes

Ticker: CE · Form: 8-K · Filed: 2024-02-29T00:00:00.000Z

Sentiment: neutral

Topics: debt, restructuring, corporate-action

TL;DR

**Celanese is reporting costs tied to exiting activities and has various EUR Senior Unsecured Notes maturing between 2025 and 2029.**

AI Summary

Celanese Corp filed an 8-K on February 29, 2024, reporting on costs associated with exit or disposal activities. The filing details various EUR Senior Unsecured Notes due between 2025 and 2029, indicating potential financial restructuring or re-evaluation of assets. This suggests the company is managing its debt obligations and potentially streamlining operations.

Why It Matters

This filing indicates Celanese is actively managing its financial structure and potentially divesting assets or exiting certain operations, which could impact future profitability and strategic direction.

Risk Assessment

Risk Level: medium — The filing mentions 'Cost Associated with Exit or Disposal Activities' which could indicate operational challenges or strategic shifts, introducing some uncertainty.

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on February 29, 2024.

What is the primary item information reported in this 8-K?

The primary item information reported is "Cost Associated with Exit or Disposal Activities."

Which company filed this 8-K?

Celanese Corp filed this 8-K.

What types of financial instruments are mentioned in the filing?

The filing mentions various EUR Senior Unsecured Notes due in 2025, 2026, 2027, 2028, and 2029.

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

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

From the Filing

0001306830-24-000035.txt : 20240229 0001306830-24-000035.hdr.sgml : 20240229 20240229165606 ACCESSION NUMBER: 0001306830-24-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240229 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 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: 24704770 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-20240229.htm 8-K ce-20240229 0001306830 false 0001306830 2024-02-29 2024-02-29 0001306830 us-gaap:CommonStockMember 2024-02-29 2024-02-29 0001306830 ce:EURSeniorUnsecuredNotesDue2025Member 2024-02-29 2024-02-29 0001306830 ce:EURSeniorUnsecuredNotesDue2026Member 2024-02-29 2024-02-29 0001306830 ce:EURSeniorUnsecuredNotesDue2027Member 2024-02-29 2024-02-29 0001306830 ce:EURSeniorUnsecuredNotesDue2028Member 2024-02-29 2024-02-29 0001306830 ce:EURSeniorUnsecuredNotesDue2029Member 2024-02-29 2024-02-29 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 29, 2024 ( February 29, 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 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has

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