The Chemours Company Announces Completion of Private Offering of $600,000,000 Aggregate Principal Amount of 8.000% Senior Unsecured Notes Due 2033
November 27 2024 - 4:31PM
Business Wire
The Chemours Company (Chemours) (NYSE: CC) today announced it
completed its previously announced private offering of $600,000,000
in aggregate principal amount of 8.000% senior unsecured notes due
2033 (the “Notes”) that was exempt from the registration
requirements of the Securities Act of 1933, as amended (the
“Securities Act”). The Notes are Chemours’ senior unsecured
obligations and are guaranteed by certain of its subsidiaries.
The net proceeds of the offering are expected to be used to
redeem all of the Company’s outstanding euro-denominated 4.000%
Senior Notes due 2026, which is expected to be €440,810,000, plus
accrued and unpaid interest to, but excluding, the date of
redemption, and the remainder of the net proceeds for general
corporate purposes.
The Notes and the related guarantees have not been, and will not
be, registered under the Securities Act or any state securities
laws, and unless so registered, may not be offered or sold in the
United States absent registration or an applicable exemption from,
or in a transaction not subject to, the registration requirements
of the Securities Act and other applicable securities laws. The
Notes were offered only to persons reasonably believed to be
qualified institutional buyers pursuant to Rule 144A under the
Securities Act and to non-U.S. persons in accordance with
Regulation S under the Securities Act.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. This press release is not an offer to
purchase or the solicitation of an offer to sell any of the
existing 2026 notes. The statements in this press release with
respect to the redemption of the existing 2026 notes do not
constitute a notice of redemption under the indenture governing the
existing 2026 notes. Any such notice has or will be sent to holders
of existing 2026 notes only in accordance with the provisions of
such indenture.
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, including the expectation to redeem all
of the outstanding existing 2026 notes, which are subject to
substantial risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements. 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
the redemption of the existing 2026 notes; and the 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/20241127365482/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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