The Chemours Company Announces Pricing of Private Offering of $600,000,000 of 8.000% Senior Notes Due 2033
13 Novembre 2024 - 10:30PM
Business Wire
The Chemours Company (Chemours) (NYSE: CC) today announced the
pricing of its previously announced private offering of
$600,000,000 aggregate principal amount of new 8.000% senior notes
due 2033 (the “Notes”). The Notes will bear interest at 8.000% per
annum and mature on January 15, 2033. Interest on the Notes will be
payable semi-annually on January 15 and July 15 of each year,
beginning on July 15, 2025. The Notes will be senior unsecured
obligations of Chemours and will be guaranteed by certain of its
subsidiaries. The offering is expected to close on November 27,
2024, subject to customary closing conditions.
Chemours intends to use the net proceeds from the offering to
redeem all of its outstanding euro-denominated 4.000% senior notes
of €440,810,000 due 2026 and the remainder of the net proceeds for
general corporate purposes.
The Notes and related guarantees were offered only to persons
reasonably believed to be qualified institutional buyers in
reliance on Rule 144A under the Securities Act of 1933, as amended
(the “Securities Act”), or outside the United States to non-U.S.
persons in compliance with Regulation S under the Securities Act.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes and related
guarantees.
The Notes and related guarantees have not been registered under
the Securities Act, or the securities laws of any other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from registration
requirements.
About The Chemours Company The Chemours Company (NYSE:
CC) is a global leader in providing industrial and specialty
chemicals products for markets, including coatings, plastics,
refrigeration and air conditioning, transportation, semiconductor
and advanced electronics, general industrial, and oil and gas.
Through our three businesses – Thermal & Specialized Solutions,
Titanium Technologies, and Advanced Performance Materials – we
deliver application expertise and chemistry-based innovations that
solve customers’ biggest challenges. Our flagship products are sold
under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™,
Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware
and listed on the NYSE under the symbol CC, Chemours has
approximately 6,100 employees and 28 manufacturing sites and serves
approximately 2,700 customers in approximately 110 countries.
For more information, we invite you to visit chemours.com or
follow us on X (formerly Twitter) @Chemours or LinkedIn.
Forward-Looking Statements This press release contains
forward-looking statements, within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, which involve risks and uncertainties.
Forward-looking statements provide current expectations of future
events based on certain assumptions and include any statement that
does not directly relate to a historical or current fact. The words
“believe,” “expect,” “will,” “anticipate,” “plan,” “estimate,”
“target,” “project” and similar expressions, among others,
generally identify “forward-looking statements,” which speak only
as of the date such statements were made. These forward-looking
statements address, among other things, the closing of the offering
of Notes and Chemours’ intended use of the net proceeds therefrom,
which are subject to substantial risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied by such statements. These risks and uncertainties include,
but are not limited to, the ability of Chemours to satisfy the
conditions to closing the offering and general market conditions
which may impact the closing of the offering. Forward-looking
statements are based on certain assumptions and expectations of
future events that may not be accurate or realized. Forward-looking
statements also involve risks and uncertainties, many of which are
beyond Chemours’ control. Additionally, there may be other risks
and uncertainties that Chemours is unable to identify at this time
or that Chemours does not currently expect to have a material
impact on its business. Factors that could cause or contribute to
these differences include whether the offering of Notes is
completed and other risks, uncertainties and other factors
discussed in Chemours’ filings with the U.S. Securities and
Exchange Commission, including in Chemours’ Quarterly Report on
Form 10-Q for the quarter ended September 30, 2024, and in
Chemours’ Annual Report on Form 10-K for the year ended December
31, 2023. Chemours assumes no obligation to revise or update any
forward-looking statement for any reason, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241113646231/en/
INVESTORS Brandon Ontjes Vice President, Investor
Relations +1.302.773.3300 investor@chemours.com Kurt Bonner
Manager, Investor Relations +1.302.773.0026 investor@chemours.com
NEWS MEDIA Cassie Olszewski Media Relations & Reputation
Leader +1.302.219.7140 media@chemours.com
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