The Chemours Company Announces Completion of U.S. Dollar-denominated Term Loan Repricing
29 November 2024 - 10:30PM
Business Wire
The Chemours Company (Chemours) (NYSE: CC) today announced the
successful repricing of its Tranche B-3 U.S. Dollar-denominated
Term Loan under its senior secured term loan facility due in August
2028.
The repricing reduces the applicable margin in respect of the
Company’s $1,070,000,000 senior secured U.S. dollar-denominated
term loan facility, the “Term Loan B-3 US$ Facility,” from, at the
election of the Company, adjusted Term SOFR + 3.50% to adjusted
Term SOFR + 3.00%, or adjusted base rate plus 2.50% to adjusted
base rate plus 2.00%. There are no changes to the maturity of the
Term Loan B-3 US$ 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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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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