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Chemours Company ( (CC) ) just unveiled an announcement.
Chemours Company announced the successful repricing of its €415 million Euro denominated Tranche B-3 term loan facility, reducing the applicable margin from adjusted EURIBOR + 4.00% to adjusted EURIBOR + 3.25%, while maintaining the loan’s maturity date and other terms. This repricing reflects a strategic financial adjustment that may enhance the company’s cost-effectiveness and competitiveness in its industry, potentially benefiting stakeholders and shareholders by reducing financial expenses.
More about Chemours Company
The Chemours Company is a global leader in providing industrial and specialty chemical products for markets such as coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through its three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – Chemours delivers chemistry-based innovations and application expertise. Its flagship products include brands like Opteon, Freon, Ti-Pure, Nafion, Teflon, Viton, and Krytox. Headquartered in Wilmington, Delaware, Chemours employs approximately 6,100 people, operates 28 manufacturing sites, and serves around 2,700 customers in about 110 countries.
YTD Price Performance: -35.72%
Average Trading Volume: 1,653,745
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.9B
Find detailed analytics on CC stock on TipRanks’ Stock Analysis page.
