Celanese Corp Enhances Financial Flexibility and Borrowing Capacity

Celanese Corp (CE) has released an update.

Celanese Corporation’s subsidiary, Celanese US Holdings LLC, has recently amended its credit agreements to ease financial covenants and provide greater flexibility. These changes, effective February 16, 2024, include an increase in the allowable net leverage ratio, an option to end the Covenant Relief Period early, and an expansion of the borrowing capacity for certain foreign and Chinese subsidiaries, from $700 million to $900 million. This strategic move could indicate the company’s proactive approach to managing its debt and financial position, which could be noteworthy for investors tracking Celanese’s financial health and strategy.

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