The Chemours Company Announces Completion of Euro denominated Term Loan Repricing
December 13 2024 - 4:30PM
Business Wire
The Chemours Company (Chemours) (NYSE: CC) today announced the
successful repricing of its Tranche B-3 Euro denominated Term Loan
under its senior secured term loan facility due in August 2028.
The Second Amendment reduces the applicable margin in respect of
the Company’s €415,000,000 Euro denominated term loan facility, the
“Tranche B-3 Euro Term Loan Facility,” from adjusted EURIBOR +
4.00% to adjusted EURIBOR + 3.25%. There are no changes to the
maturity of the Term B-3 Euro Term Loan Facility following this
repricing, and all other terms are substantially unchanged.
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. 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 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/20241213987089/en/
INVESTORS Brandon Ontjes VP, Head of Strategy &
Investor Relations +1.302.773.3300 investor@chemours.com NEWS
MEDIA Cassie Olszewski Media Relations & Reputation Leader
+1.302.219.7140 media@chemours.com
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