Celanese Corp completes transactions to extend debt maturity; shares down

Celanese

19/03/2025 21:24

** Shares of chemical maker Celanese Corp CE.N fall 2.3% to $55.90 in extended trading

** CE announces the completion of a series of transactions to extend its debt maturity profile

** Company expects to extend the average maturity of its debt to 4.8 years from 3.8 years

** CE seeks to reduce the total value of the combined 2025 and 2026 debt maturities to $1.1 billion from $2.8 billion

** Company also enters into a cross-currency swap to convert $400 million of U.S. dollar-denominated notes into Japanese yen-denominated borrowings

** Up until last close, stock down 17.4% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))